This game, runs big fat zombie rings around L4D, the engine is better (Source = FAIL) the AI is better, the weapons, the perks, the achivements, the characters...the GAME is better.
6 player co-op is better than L4D's 4 player
fight zombies in hordes, not just all coming at you at once
Darker, more grungy feel to things
Based on the Unreal 3 engine, MUCH better than Source in every possible way.
Frequent Steam updates and a HUGE modding community offering "white-listed" maps (Maps that the developers have "adopted" and allow achivements and perks to be used on them) mods (including a L4Desq "versus" mode) called "mutators".
Cannot be beaten, except by Killing Floor 2...