Indeed, what DOES it do? Well, it seems to ripoff Coverflow's original interface but with the purpose of doing....still no clue. Here's the program description taken from the Apple Download site:
About OmniDazzle
A set of fun and useful enhancements that help you highlight certain areas of your screen, create visual effects, and track the location of your mouse pointer.
Six reasons you should try OmniDazzle:
- You’ve got a presentation this week, and you want to hear both “oohs” and “ahhs” from the audience.
- Your documentation could use some really great screen shots.
- You want to point out something on your screen, without actually pointing.
- You need to focus on specific tasks, like that one window over there, without looking at everything else on your display.
- You’d like to add some extra visual information to your screen, like arrows or boxes or...footprints.
- You’ve been working really hard all week, and frankly, you’d like to goof off for a while.
Right, so it's software for goofing off.
Go here to get it.