Pretty cool. It’s an AF-S lens so it focuses on the D40/D60 (as well as any other Nikon DSLR), and the focus should be as silent as it on other AF-S lenses. At 35mm it replicates the 50mm field of view on a Nikon crop sensor DSLR. And it’s less than $200 retail. Assuming the picture quality is good this should make a decent lens for indoor or nighttime work on a budget. Good stuff, Nikon.
I was going to do a longer writeup, but Chris has already done it.