From the commit message:
This is a complete rewrite of the twisted.words server code. Botbot and Tendril features are dropped for the time being. Provided is a generic chat server accessible via IRC and PB, and with a plugin mechanism for adding new protocols. Authentication is done via newcred; unlike the previous revision, there is no support for registering new users through the server. This should be dealt with using a generic checker manipulation system (so that any checker configuration can be manipulated, rather than one or two I choose to support in words).
Webwords is also gone, as there are no exciting web technologies in Twisted. The plugin mechanism is, however, used to provide a Nevow LivePage interface to the chat service which could be extended to perform all the same tasks previously covered by Webwords.
t-im may or may not still work.