The best (and almost only) resource about the Squirrel language is it's official web site and forums: http://squirrel-lang.org
Compare to other well developed languages, Squirrel is still in it's early stage with a very small community, but it is very promising in certain ways among other modern scripting languages:
Inspired from Lua, with the usual concepts of tables, Lua stack etc, but with a MUCH cleaner syntax and C API.
Reference counting with supplementary garbage collector. The design of the run-time encourage the user to remove cyclic reference rather than totally rely on garbage collection (which can be slow or non-deterministic). The user can even re-compile the run-time with garbage collector disabled.
It's a language with C/C++ like syntax. It's kind of taste but it's the main reason of why I will favour Squirrel over Lua.
Build-in support of class, where in Lua you need to do some magic to simulate it.
Supporting C# like attribute, therefore you can supply meta-data to your class and properties. I use this feature to expose my script objects to .net property grid.
Undefined variables result in exceptions instead of silently creating a new null value like Lua.
Other features like lambda function, generator and co-routines are all built-in in this little but powerful scripting language which just made from ~6000 line of C++
code.
To conclude, the Squirrel language is suitable for interfacing with low level modules in a performance critical application (ie. a game engine), it absolutely can serve as a better Lua. Where as language like python is more towards a general purpose, day to day handy problem solving language.