Well, firstly i love the idea that Gnomes favorite class is bard, and i like what they've done with the class, though possibly they should have received more 'Tinkering' bonuses, as Gnomes are inventive and tinkerers and shouldn't be required to take prestige classes to gain such abilities...*confuse look*
Anywayz, the fact remains that from all accounts the Bard class will be improved, from increasing skill points *up to 6 per level* to adding new songs, and different abilities, Not to mention something rumoured *though i'km not sure whether it's true* the fact that they will suffer no Arcane Spell Failure in Light Armour...
Gnome Bard, with a +1 mithril chain shirt, masterwork lute (small) a +2 short sword, and two +1 daggers (throwing)...a'right here i come!