Well, I wouldn't exactly say so. It's a viable alternative to start hacks which typically would otherwise e.g. launchpad. But it is an application that doesn't serve a purpose on its own. It's a launcher, so chosing to run it should be a second thought after deciding _what_ to launch with it.
Although it states that it is fit for the Kindle 3, I think hostar stated it would work on a K4NT. I'm not sure if the installation process is really tailored for a K4NT, so YMMV.
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