We've discussed it a couple of times, most recently here:
Some points:
* Yep, it's a capability system. The components are configured with lidl files, which are similar to capros/coyotos idl files.
* The core is free software, and there is a workstation build you can run.
* Venkatesh Srinivas, who worked on Coyotos, is a regular contributor.
* Googlers on this list are excited about it, it looks really promising.
* The IPC model is deeply asynchronous.
* It doesn't have quite the same focus on reliability that capros, coyotos, and seL4 have, in that not all kernel resources must be accounted for by user programs.
It's great to see a large tech company take system security seriously, and I hope that Fuchsia will do a lot to reduce the magnitude of cybercrime, especially ransomware and persistent threats.