You will be sparring full contact, no pads. A lot. Sparring is still controlled, but don't be surprised if your ribs start aching after a while!
They aren't out to hurt you, though. Bruising, aches and pains, yes, but they don't want to put you in the hospital. People studying Kyokushin are expected to behave in an honorable manner, both in and out of the dojo.
Kyokushin Karate has some kata in it, but they do not place a premium on it.
They attract the crowd of people that are looking specifically for what they offer, and that's fine by me. I don't really see their school as a competitor to ours, since there's really not much in the way of a shared student resource. If anything, I've had nothing but pleasant dealings with the people from Yasuhiko Oyama's dojo, throughout the years.