From the website:
Alfred is a quicklaunch application for Mac OS X, which aims to save you time in searching your local computer and the web. Whether it’s maps, Amazon, eBay, Wikipedia, you can feed your web addiction quicker than ever before.
Fast and small, but I didn’t see the advantage over Launchbar or Google Quick Search Box. Still in beta though, so hopefully it will be worth a revisit soon.
Update: After a few more hours, I have to agree with @navjotpawera in being surprised with its speed. Be sure to read the help page, since I behaves a bit different than other launchers.
