The concept and interface are nice, but there is much missing that makes me wonder whether sufficient attention has been paid to this software's development:

It will import all the applications from your Applications folder but will not go any deeper than one level. I have my applications separated by category (communications, graphics, databases, etc.), and I must open each individually.

There is a warning about removing an application from the list. If you check the box that says "Don't ask anymore," it will be ignored and continue to present the dialog each and every time.

When entering information manually, you cannot tab from one field to the other.