From what people are saying and that vid it would seem he will be taking Rodwell's place in the squad and is a similar type of player. I very much doubt he is anywhere near as good or highly thought of as Rodwell, but still worth a shot on loan for the year to see how he does.
Young, strong midfielder, who can get up and down the field and hit the ball from long-range. Hopefully he does enough to impress and bring him in permanently at the end of the year.
It means we now have replaced every outgoing player from last season.