Here's the existing (Windows Phone 8.1) application in action, with familiar 'metro' style panoramas, controls and UI elements:
The idea then, was to get all the functionality (which ties into Bing's servers, of course) shoe-horned into a full Windows 10 universal application and I think Microsoft has done a lovely job. Although the hamburger menu could be more elegant (does anyone likes these?), the rest of the UI is well thought out:
The controls at the bottom of the screen are typical of Windows 10, I loved the conversation-like main translation interface, and all the existing language packs are still online and waiting to be installed on your phone.
Overall then, a success. You can grab the original Translator here in the Store (should you need it) and the new 'Translator 10 Beta' is here.