The ViewBag is the same thing as ViewData in previous ASP.NET MVC 1 and 2. It just happens to be dynamic instead of needing to use it like a dictionary with keys. I don't think this will replace strongly typed views at all and in fact you should use Viewdata/Viewbag as little as possible. Always use strongly typed views whenever possible since it will lead to fewer errors if the names in your Viewdata/Viewbag change and make the HTML cleaner by not having ViewData casts all over the place.
