  The Time-Domain Spectroscopic Survey (TDSS) is an SDSS-IV eBOSS subproject
primarily aimed at obtaining identification spectra of ~220,000
optically-variable objects systematically selected from SDSS/Pan-STARRS1
multi-epoch imaging. We present a preview of the science enabled by TDSS, based
on TDSS spectra taken over ~320 deg^2 of sky as part of the SEQUELS survey in
SDSS-III, which is in part a pilot survey for eBOSS in SDSS-IV. Using the
15,746 TDSS-selected single-epoch spectra of photometrically variable objects
in SEQUELS, we determine the demographics of our variability-selected sample,
and investigate the unique spectral characteristics inherent in samples
selected by variability. We show that variability-based selection of quasars
complements color-based selection by selecting additional redder quasars, and
mitigates redshift biases to produce a smooth quasar redshift distribution over
a wide range of redshifts. The resulting quasar sample contains systematically
higher fractions of blazars and broad absorption line quasars than from
color-selected samples. Similarly, we show that M-dwarfs in the TDSS-selected
stellar sample have systematically higher chromospheric active fractions than
the underlying M-dwarf population, based on their H-alpha emission. TDSS also
contains a large number of RR Lyrae and eclipsing binary stars with
main-sequence colors, including a few composite-spectrum binaries. Finally, our
visual inspection of TDSS spectra uncovers a significant number of peculiar
spectra, and we highlight a few cases of these interesting objects. With a
factor of ~15 more spectra, the main TDSS survey in SDSS-IV will leverage the
lessons learned from these early results for a variety of time-domain science
applications.
