It's major feature: Speed, speed and speed. Compared to any other templating system out there, by an order of magnitude faster.
Some time has passed and careful observers have spotted NKOTB at times. During last years performance sprint organized and sponsored by Headnet a critical mass of people met and tried various approaches to put this ingenious piece of art to some use.
Some time passed again and NKOTB got a proper name and a public presence, now to be known under the name spitfire. But when you put too many intelligent people into one room, you won't always get them to push in one direction. So Project Messerschmidt was born. An attempt to mock the same underlying approach of spitfire but make it vastly simpler.
So where are we today?
Spitfire is under active development, but to the current day is not integrated into any Zope environment except for some initial attempts. Spitfire only has support for Cheetah-like syntax today.
What about Project Messerschmidt?
It is nowadays known as z3c.pt and used by projects like Vudo or repoze.bfg. It has a full implementation of the TAL standard including the i18n namespace. While it does make some conscious choices about different default behavior than zope.pagetemplate it is virtually compatible.
The most notable differences are lacking support for METAL, the provider expression and to the current day no Five or Zope2 integration. The later two should be a matter of one focused day of work to finish.
But what about the main objective, speed? There is one established shoot-out test for templating languages called 'bigtable'. The objective is to render an HTML table of ten columns and 1000 rows. It is somewhat like the 'top speed of your car' number. It certainly isn't the only number you are interested in, when buying a car. But it's an easy to compare number, that has some objective nature to it.
So here are the numbers, judge for yourself:

Update: Thanks to a comment by Alexander, I made the chart a bit more impressive :)
Update 2: Since I've seen Donna experimenting with Mako, I added it to the graph.
