The complaints about Debian were that they only cut a release like every two years. The Debian response was that people who wanted more timely updates could run the "testing" branch, which was a "rolling" release.
Ubuntu promised to solve the slow release cycles and the instability of a rolling branch by cutting stable and well-composed releases on a rigorous six month schedule.
This announcement sounds a lot like the original Debian model they were trying to get away from.