The update system is image-based; when an update is downloaded, it's written out to an alternate set of partitions, and then it can flip over to those partitions with a reboot. That makes it easy to roll back with the same kind of single flip, too.
It's different than filesystem-level rollbacks because it's all-or-nothing, so you don't have to worry about update failures after a few packages, and because all of the components in a given image are guaranteed to be tested together, whereas with package-based systems, your combination of packages may have never been used together by anyone else. In addition, for builders, it's easier to sign, distribute, and verify a single image.