It seems to do COW and checksumming of metadata, but not of data. According to http://blogs.msdn.com/b/b8/archive/2012/01/16/building-the-n... there's a feature "integrity stream" which is opt-in per-file (or per-subtree and inherited by all files) checksumming. It doesn't seem to do COW, but can be paired with "storage spaces"[0] from which bitrotted files can be recovered.
[0] http://blogs.msdn.com/b/b8/archive/2012/01/05/virtualizing-s...