Its $199 on pre-order now, which is in-line with what their original DropCams used to sell for. Its waterproofing, and 25 foot cable should make it reasonably easy to set it up outdoors. Improvements in software will also come with the new NestCam release.
I love my Dropcams (now called Nest Cams). But in order to get the full benefit from them you have to subscribe to cloud services which start at $9.99 per month for 7 days of constant recording with no local storage (but you can export recordings from the cloud after.)
Saw this briefly at CES 2016, the Edimax IC-5150W 1080P Full HD Wi-Fi Fisheye Cloud Camera with 180-Degree Panoramic View which also features local storage, storage to local NAS which then allows you to connect to Dropbox and Google Drive through the app - instructions here.
Right now its going on lightning deal for $119.99 (normal is $149 release price). Something I'll be checking out and will let you all know how well it works.
What it has over the Dropcam / Nestcam?
Keep in mind thats all specs on paper, in reality how everything works out remains to be seen.
They posted a simple streaming live test on youtube, but that is all I've found online: