The Infrared Atmospheric Sounding Interferometer (IASI) on the MetOp satellite was launched on October 19, 2006. The Joint Airborne IASI Validation Experiment (JAIVEx) was conducted during April 2007 mainly for validation of the IASI on the MetOp satellite. IASI possesses an ultra-spectral resolution of 0.25 cm^-1 and a spectral coverage from 645 to 2760 cm^-1. Ultra-spectral resolution infrared spectral radiance obtained from near nadir observations provide atmospheric, surface, and cloud property information. An advanced retrieval algorithm with a fast radiative transfer model, including cloud effects, is used for atmospheric profile and cloud parameter retrieval. Preliminary retrievals of atmospheric soundings, surface properties, and cloud optical/microphysical properties with the IASI observations are obtained and presented. These retrievals are further inter-compared with those obtained from airborne FTS system, such as the NPOESS Airborne Sounder Testbed – Interferometer (NAST I), dedicated dropsondes, radiosondes, and ground based Raman Lidar. The capabilities of satellite ultra-spectral sounder such as the IASI are investigated to benefit future NPOESS operation.