What's perhaps most interesting for the average Eclipse user, is a remote file system explorer using the ssh connection type. With it, committers can work on the dev.eclipse.org server just as if it were local - and edit remote files, or use it for uploading.
A remote command shell is also available, providing content assist and output pattern matching for commands like find or grep -n. For generic remote terminal access, the TM project is going to integrate a full-blown terminal emulation in the near future.
Got interested? The RSE works with Eclipse 3.2, or 3.3M1. It is most easily available from our update site at http://download.eclipse.org/dsdp/tm/updates: For a minimal install, choose runtime-core, runtime-local and runtime-ssh. Alternatively, you can also get it from the TM download area. A tutorial will guide you through the first steps. We'll be happy to get your feedback as a bug entry or on the mailing list!