I too was also suprised at the lack of enthusiam about leopard.
Time Machine is worth the price of admission if it works as well as I expect it will, very neat.
What people seem to be forgetting is that there is clearly an amount of stuff (and apple are saying it) that hasn't been demonstrated and is going to remain secret for the time being.
I am in the market for a new machine. I want a new development machine, the mac pro looks awesome, so my credit card is going to take a hit very soon! I was tempted by the mbp, but for my laptop needs my pb G4 1.5Ghz does the trick, then I thought mac mini.....no contest now!
One excited geek here!