The breakout is built around the MTK3339 chipset, a no-nonsense, high-quality GPS module that can track up to 22 satellites on 66 channels, has an excellent high-sensitivity receiver (-165 dB tracking!), and a built in antenna. It can do up to 10 location updates a second for high speed, high sensitivity logging or tracking. Power usage is incredibly low, only 20 mA during navigation.
More information is available on the website of Adafruit.