I am pretty sure that EVGA intends for it to signify For the Win, if anything. Still, HCW wants to treat it like the start of a mission statement.
HCW got a hold of an EVGA Z87 FTW motherboard and were among the first to review it… and among the few found on Google.
Intel, with the Haswell architecture, eliminated much of the voltage regulation hardware by integrating it on the chip. This move was to improve power consumption without really affecting performance. The review goes through the unusual design of the EVGA board's power delivery. It is based on a 6-phase system, which is low, but still performed. In fact, he was again capable of reaching 4.8 GHz on his i7-4770K.
His major concern was with its price. At $220, it pushes up against a different class of motherboards such as the Gigabyte Z87X-UD5H (with more features) although it is still competitive even then. Check out his review if you want more information or just want a reprieve from the Vegas lights.