I saw one in the store here a week-ish ago. The receiver looks/is significantly different than the 110. The bolt body and bolt head appear to be the same, though of course I didn't take it apart.

The bolt handle feels like some sort of lightweight cast material. It almost feels like a composite, but I'm thinking it's a casting of some sort of metal. Feels almost like magnesium, but I'm quite sure it's not for cost reasons. Still uses the barrel nut, so between that and the bolt head appearing to be the same, they should be just as easy to re-barrel. I don't care for the 2-position safety; I like the 3-position better. Shelf price was around $280.
Almost forgot: The bolt is smoother than at least some Savages, but it's not what I'd call smooth. My brother's Marlin is dramatically smoother. I know he's prone to sitting in front of the TV working the bolts of his rifles to make them smooth, though, so maybe it's not quite a fair comparison. A definitely fair comparison is that the Weatherby Vanguard's bolt is MUCH smoother.