Reactjs is simply the view layer, and plays nicely with other libraries.
angularjs is mvc (Model View Controller)
react is only the V(iew), so you can blend AngularJS with ReactJS.
The most popular post (about Angular vs React) is on http://www.quora.com/Pete-Hunt/Posts/Facebooks-React-vs-Angu... , but it's kinda subjective i suppose as he works on the React team.
(Note: I use AngularJS, but haven't used ReactJS. So if i'm wrong, please correct me).
Here is a nice comparison though http://www.reddit.com/r/javascript/comments/1v4glc/react_vs_...
I wrote a frontend framework comparison essay here ( http://lhorie.github.io/mithril/comparison.html ). It's focused heavily on Mithril.js, but might be useful for someone evaluating frameworks.
FWIW, I've used Angular extensively for the past few years and some of the reasons I wrote Mithril (which has a virtual-dom based engine like React) were because 1) Angular performance issues are really hard to fix, 2) I feel some of the design decisions in Angular are fundamentally flawed.
I myself have been guilty of spreading this "React is just the view" mentality as an easy argument to convince people to try it. However, in reality, you can't really compare framework X's view with React view just because they're both called "view". React's whole architecture and paradigm makes it so that you don't need controllers or, very often, not even models.
In this regard, "bang per byte downloaded" is very misleading (it already kinda is?).
PS - FYI http://www.google.com/trends/explore#q=react.js%2C%20ember.j...