[quote=@Lugubrious]
From what little I've played, it seems like that rather than items, heroes get attributes unique to them and their abilities, and that all members of a team share a single XP pool.

Personally, I prefer Smite.
[/quote]

That's pretty much it in a nutshell. Basically they took away everything I hated about LoL. You share xp during the battle, you pick a talent about every four levels, and objectives on the maps are what win/lose the battle for the most part.