Acts like a spreadsheet as noted. Usually based on an event driven framework.
As with all "paradigms", it's newness is debatable.
From my experience of distributed flow networks of actors, it can easily fall prey to a general problem of state consistency across the network of nodes i.e. you end up with a lot of oscillation and trapping in strange loops.
This is hard to avoid as some semantics imply referential loops or broadcasting, and can be quite chaotic as the network of actors converges (or not) on some unpredictable state.
Similarly, some states may not be reached, despite having well-defined edges, because the global state steers away from the solution. 2+2 may or may not get to be 4 depending on when the 2's became 2, and whether they stayed that way. Spreadsheets have synchronous clocks and loop detection. Distributed actors generally don't.
All good fun :).