Main features of the teTeX distribution:

- file organisation orientated at the upcoming TDS (TeX Directory Standard)
- very easy to install and customize (install.sh and texconfig utility)
- LaTeX2e (June 1995) patch level 3 together with lots of
  extra LaTeX packages (most packages mentioned in the LaTeX Companion)
- a lot of documentation: more than 100 dvi-files, teTeX manual, teTeX 
  FAQ and TeX FAQ
- support for read-only inputs tree (i.e. possible to use alternate
  destination for newly created fonts)
- ready for a multi platform setup
- fast file searching. web2c was patched to work with kpathsea-2.6. The
  search paths are chosen to give high performance.
- run-time configuration files for dvi-drivers and tex+friends.
- a nice set of fonts to play with: PostScript fonts, ams, pandora, cm,
  dc, oldgerman. All easily accessible by LaTeX.
- the whole distribution can be installed anywhere in the 
  filesystem (e.g. /usr/TeX or /usr/local/tex). You do not
  need to set any environment variable as long as you keep
  the original structure of the package. 
- mailing list for discussion: tetex@informatik.uni-hannover.de