I won't lie to you. There's not much to see yet. This is still VERY early.
If you run this app from within titanium-backbone, though, you'll currently see this:
Not bad considering how little code is required to create it!
Visit the Titanium download page and follow the instructions from there to download Titanium Studio (and the Titanium SDK), or clone the GitHub repository at https://github.com/appcelerator/titanium_mobile.
$ git clone https://github.com/trabian/titanium-backbone-ks.git
$ cd titanium-backbone-ks
$ npm install
If you would like to make changes to titanium-backbone-ks and titanium-backbone, run the following:
$ npm run-script develop
This will pull the latest titanium-backbone code as a submodule and create a link to this submodule within node_modules.
$ cake t:iphone:run