I haven't tried it, just watched the video. It seems like a cross between Surfulater-type web page capture, sticky notes, and browsing history tracking software. It has some neat features. But I'm wondering how easy it is to deal with the notes once there are hundreds or thousands of them.

http://www.flamory.com/

Some more discussion here (and some concerns raised about privacy):

http://www.donationcoder.com/forum/index.php?topic=41879.0