New Honors College

There is already a thread about the Honors program but since then, they have done a complete overhaul of their programs and now the Honors program is way more selective. I have already submitted my application online, are there any other components of the application process I should be aware of, or will they just notify me whether or not I got in? I am planning on attending an admissions interview soon, I was contacted about one through email, but that is more for admissions than honors college I am assuming.
Also, can anyone in the honors program describe their experiences with it? How does it compare to the old system and what is the community within honors like? Do you enjoy it?