It is a .22lr pistol(as many would have guessed by now) that seems to improve on Walther's P22 concept quite a bit further. The rear sight blade can be switched, and the grip panel can be changed really easily. It may seem a bit too easy, but I don't think it will be lost during any shooting sessions.
Some might wonder if the safety that moves in unconventional direction(push down to engage safety) might cause trouble, but at this point I do not have much worry. According to the presss release, the slide is made of aluminum, not weak steel some others were plagued with.