Its just a semi replacement for Google code search. To be honest, its just something I play with. If something comes from it great, if not im not terribly worried about it.
True. I have been using it a lot recently to learn how the Guava and Guice API's work in the real world. So perhaps that's its target market. I also tend to use it when trying to remember how some feature of a language works EG lambdas in python http://searchco.de/?q=lambda+ext%3Apy&cs=on