Yes, this adds a couple of nice features, it is easy to go back to any version using only normal filesysem access and because they are hard links it only uses space for changed files and you can cull old versions without worrying about loosing the backing store for the diff.

I think it sort of works like apples time-machine but I have never used that product so... (shrugs)

Note that it is not, in the strictest sense, a very good "backup" mainly because it is too "online", to solve that I have a set of removable drives that I rotate through, so with three drives, each ends up with every third day.