Last I saw, it wasn't much more than Firefox (or some other browser) with different skin. Was also rumored it was borderline spyware being connected to Google advertising.
Any truth to that stuff?
I've been using it for a few months and have been very happy with it. I like its software architecture, the scaled down UI and the speed. It has worked flawlessly...no problems with any web sites. Works great with FR! It just became a released product this week too - no longer in beta.