It actually rasterizes the eyes if you blow the photo to 100% - very clearly to see. Then again, I just gave the whole picture 70% or so moire handling. What it does exactly I don't know, but it's like it reorganizes the dots to a new order which remove moire but make for example the pattern on the jacket very wrong in closeup.
Besides having to open the files in FlexColor first, I could see a tool in Phocus, organizing and finishing.
As most Hasselblad and Imacon tools, it's very simple which is a high quality in todays photography. Machines, software and cameras with very few buttons is a statement in itself that what is there, is all that is needed.
I just did this one in Phocus and liked the fact that I felt I had very good control and that the workflow was simple and clean. It's fine whatever for this web size.
As for how it sharpens and stuff, I haven't figured that yet. But generally I like and have the utmost respect for how Imacon deals with colors, light and details. In 100% enlargment it might not always look as sharp as "really sharp" scanners, cameras, etc. But in overview (which is anyway how one perceive pictures!), their colors and light is always precise, lively and sharp. Sometimes deeper than two-dimensional.
Here's a crop of ca. 100% where you can grasp some of the sharpening-technique which is clearly not "follow the lines" but rather "create natural look that appears sharp"