Yes, the information IS available.
I was in split-screen so on the bottom screen I would see the blue triangle coming my way.
All's I have to do is tap on it and IFly gives me a reading of heading, speed, altitude, AND relative bearing (from me to it) - essentially everything I need to avoid it. I even have an alert that is set for targets within 2000 feet above or below, and 3 miles lateral distance - superb situational awareness!
All this info takes just a bit of getting used to, but like everything else, more flying and more practice makes for more comfort.
I think everyone will really like this terrific upgrade to SV.