The minimum requirements are the same from Joomla core. PHP 5.3.10 and newer, and MySQL 5.1 and newer at the time of writing this article.
If you are familiar with how to work with Joomla templates already, then there are only a few things we've done to simplify or add additional functionality to the template.
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If you look at the template structure, it is almost the same as a typical template. There are some key differences though, and they are listed here.
Inside of our templates you won't see any <jdoc:include ../> tags. We have replaced them with <w:.../> tags, which do more than their predecessors.
You can easily customize your CSS files without alterting the core files, and have them load automatically.
Altering the default template is fine, but in some cases you might want to alter the template without changing the default version. You can do that easily with Wright.
We provide a way to easily add PHP into your template without it filling up your template file.