It’s more along the lines of a home or start page, but it provides a nice experience for keeping up with the sites you like. It allows you to add bookmarks, categorize, and track them. If a bookmark you are following has been updated since you last logged on a little blue dot (or other visual cue depending on your theme) appears next to the title. Click. See the site you like in it’s natural environment (i.e. outside a feed reader).
Nice and easy. I will definitely be giving it a test run.