"a new link-aggregator-style community site that's starting its invite-only alpha today"
Seriously, site creators and submitters, you need to do a better job of explaining what you're talking about!
Hmmm.
If this is the first that you've heard of Tildes, you should start by reading the announcement blog post (https://blog.tildes.net/announcing-tildes) for general information about the project and its goals.
Right in the header of the page it links to. Not sure what's confusing about that.
If you're asking "is it going to look more like reddit or more like Imzy", well... it's too early for that, isn't it? Ain't wrote yet.
Most useful information I've seen so far is the previous discussion here on HN [1]
A quick summary: Ex-Reddit employee creates own version of Reddit. Upvotes intact but downvotes replaced with what looks similar to Slashdot's moderation (tag it Joke, Noise, Offtopic, Troll, Flame) in more of a downvote with a reason
Screenshots: https://imgur.com/a/qit6zPk
[1] Previous discussion https://news.ycombinator.com/item?id=17103093