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>I had to read through most of the site before I had a good idea of what exactly this was, but it does sound very interesting.

I did too, but I wasn't that dedicated to it and still don't know really, because I skim and read paragraphs selectively.

My suggestion is that you communicate what this is within one or two big sentences near the top.

Thanks, this is something we're definitely working on.

To just get an idea of the problems Vagrant solves, I recommend the "Why Vagrant?" page: http://vagrantup.com/docs/getting-started/why.html

"You clone your code repository with 'hg clone'. Now you can clone your development environment with 'vagrant up'."

(Do I have the right idea?)

You have the right idea. =]

You use 'principals' on this page when you should use 'principles'.

Thanks, updated the page.