Well, perhaps not the greatest name for a product, particular when you decide to use a capital O as the logo in your icon. I can't help think of an egg rather than applause. But what it does is pretty spectacular. If it's not a cure for PowerPoint poisoning, it's a least a treatment.
It takes a PowerPoint presentation, adds moving backgrounds, sharper graphics and better transitions between points. And of interest to presenters, it allows you to see your notes side-by-side with the slides while your audience only sees the slides.
The product is in beta now. The only problem I've had with it is that it requires more serious graphics hardware that my current (couple year old) laptop is equipped with. Looks like it's time for an upgrade.