I just installed Kubuntu Karmic Koala on my PC. On the face of it, it doesn't seem to really add much. It really doesn't look much different to Jaunty but somehow it does seem to run smoother. Is it blind optimism? I don't know but it does feel a tad more responsive.
On the ubuntu front, my server based ubuntu system definitely seems to be running smoother with less cpu load after the upgrade.
I know it hasn't been long but at this early stage I give both Ubuntu and Kubuntu 9.10 the thumbs up.
It's not all sweet smelling roses though, the kubuntu upgrade of my old Acer 1360 laptop did not go so well. The Acer has a crappy INP2220 WiFi card which is totally non-linux and never will be. Under Jaunty I was able to use NDISWrapper to run the Windows [issues sign of the crucifix] but under Karmic it won't assign an IP address. The NDISWrapper stuff appears to work. The module loads up and gives me the interface (wlan0 via ifconfig) but it just won't go the last mile and IP up. Oh well, trouble in paradise...