Since it's already leaked out, I'll add a little to this.
With the new Nero ProductSetup feature in the StartSmart ToolKit area, even if you installed all the 'bloatware' by mistake, you can go back and remove any of those programs you do not like or will never use.
And when it comes to upgrades, you no longer need to download a 30MB or 40MB file to upgrade, the new upgrade feature in Nero ProductSetup will only download those components needed, so depending on the new fixes or new features, it could be anything from 700Kb to 5MB in size.
As for 'Getting into the Nero Digital Home' aspect. Nero Home will be much more than that when we are done with it. Though it does currently work and function similar to any other MCE system at this time, but that will change.
You should also really check out the changes to BackItUP. We've really put some effort into it.