The village is kind of messed up, I had to dig out some of the villagers and make stairs for them because it generated on/in a kind of hill. But it has a blacksmith with a decent chest, a church and a library house. Oddly, I think this is the first time I've seen a village with NO wheat farm. So if you want wheat you're on your own...
There are also tons of cows and other livestock, so the enterprising player may raid the blacksmith chest and then collect as much beef, wood, chicken eggs or whatever as possible before heading for the closest swamp...
I saw a light in those underwater rifts next to the random water squares, and jumped in.
This is what you'll see when you enter, the water is shallow and there is no danger of drowning here unless you are really horrible at this game. You could take either waterfall, I suppose... I took the one to the right and it landed me at level 23 eventually.
The drop area looks like this lit up
It will eventually lead you to a double/intersecting ravine and more cave system, plus a very convenient skeleton spawner
I explored the caves a little bit, it seems to be a large cave system but I don't know how far it extends. I guess if you're really hardcore you could just not even use the stuff from the blacksmith chest, but I saw tons of mobs on the way down the waterfall, and since I suck I will probably use it if I try to do this in survival. >_<
The seed I used was 'haru desu yo'