I posted a first demo clip made using the new library on YouTube. You can also find the announcement in the Khronos message boards [http://www.khronos.org/message_boards/viewtopic.php?f=10&t=1236].
Overall, the Vincent SC library is a complete rewrite of the fixed function pipeline from ground up with a strong focus on clean code, correctness and quality. Also, being based on the OpenGL SC spec., it will come out of the box with some of the most requested enhancements, such as display lists and bitmap rendering to support vector and bitmap fonts.
Check back for more information later this summer.