Rated 5 out of 5 stars
A fantastic little extension which has at least two applications which the developer hasn't mentioned...
1) You can use the extension to flip between two sites by swapping whole URLs...for instance I can flip between the national weather site and a local weather site with a click on the button in the statusbar. In fact every bookmark (including my homepage) can now have another site linked at the click of a button.
2) You can use the extension to "clean" redirects, by replacing the redirect prefix with a blank. This would be even more useful if there was some automatic function as others have suggested.
I can't see a toolbar button, which would be more useful than a statusbar button to me?