I have it also, but only use it when i want to free up some memory quickly. Such as when i am about to use an app that requires above average memory use.
It is not bad. I only launch it manually when either I see memory number on my widget drifting down or notice slowness. Seems similar to a complete reboot in that it frees up a lot of memory. The amount of memory available jump up, then start drifting down, same as far normal reboot... but the fast reboot is a lot faster.
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