Note: I noticed this question a while ago, but I'm only posting my answer now because the NDA has been lifted
Why does it not appear for AutoLayout?
As you may have noticed, iOS 7 brings about a whole new look. The look of UI elements have changed, but also so have some of their sizes (or metrics in general). This can make interface design to accommodate both iOS 7 and it's predecessors a bit of a pain.
Apple's official line is to use AutoLayout to solve this; this should take a lot of the hassle out of laying out UI elements for you. Sometimes incorporating this is not easily done, especially if you must still support iOS 5 for business reasons, or your interfaces are managed in a way that makes implementing AutoLayout difficult. As such, Apple seems to have provided a way to make your job a bit easier if you fall into this niche category, and they've called this iOS 6/7 Deltas.
Ok then, what does it do?
Whilst the label in Interface Builder is a bit unclear as to what 'Delta' means in this context, the code contained in the .xib file that corresponds to this feature is a bit more clear:
<inset key="insetFor6xAndEarlier" minX="-50" minY="-100" maxX="-50" maxY="300"/>
The key name insetFor6xAndEarlier explicitly states what this does; you can provide alternative insets for UI elements when run on iOS 7's predecessors. For example, the above defines the following delta change:
x: 50
y: 100
width: -100
height: 200
Whilst the values stored in the .xib doesn't correspond to the quoted values directly, there is a correlation between them.
x: -minX
y: -minY
width: minX + maxX
height: minY + maxY
The images below shows this change visually. It's quite an extreme example, but it's to demonstrate its ability. I would only expect in practice to have delta changes of only a few pixels.
You may notice that the values are the inverse for the iOS 6 view; this is because the deltas are relative to the type of view you're working with. If you're editing for iOS 6, the deltas there are in order to transform the element correctly for iOS 7 (the reverse of the example above).
In order to view the different styles, you can change the way Interface Builder presents it based on the OS it would be running on. This is contained within the File Inspector->Interface Builder Document (1st tab on the right bar), as so:
Does this exist if I like to code my interface by hand?
Not directly, but you can easily achieve the same effect by having conditional checks on OS version within your code, and setting the correct position/size accordingly. The delta ability exists in Interface Builder because there would be no straightforward way to have conditional positioning without having code to do it, and the point of Interface Builder is to get a much code out of the way as possible for UI.
Overall...
Apple strongly recommend that you use AutoLayout, it makes your life easier in most cases. If you can't use it (for reasons mentioned above), deltas provide you with the flexibility to position your UI elements appropriately, based on the current OS's metrics, without the need to manually reposition them in code. A good example is to adjust for the lack of status bar, but there are plenty of other use cases.
Naturally, if you're only developing for iOS7 and above, you don't need to know this feature/won't discover it. Only if you need to have iOS6 devices running your application when built with the iOS7 SDK, without autolayout, do you need deltas.
At the time of writing (21st August), I can't find any documentation regarding this feature, nor any mentions in the WWDC material. I've had a play around, and after a bit of research, that is what I've discovered.
