Im looking forward to trying it when Im in stop and go traffic. In the past, if a car in front changes lanes, auto pilot would shoot me at rocket speeds into the open space, then hit the brakes hard to stop as we approached the car in front of us. It was about the only down side of both Auto Pilot and Cruise Control when in rush hour traffic. Otherwise, uncork me and let me feel the wind in my face!!
I tried Chill Mode a bit and it's definitely chill. The analogy I'd draw is like driving a Lincoln Town Car or a S550 in the "comfort" mode. You can be pissed and slam the accelerator to the ground and the car's response is "shhhhh take a chill pill dude, I'll accelerate when I get around to it".
Every throttle increase is basically met with a 1-2 second long ramp. It is very calming, and great for driving with motion-sickness-sensitive passengers or with delicate cargo. Definitely not for everyone.
Also, I like the nice touch where it says "CHILL" above your speed.