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This tool comes very handy when you do a lot of edge-loop-splits. The problem with those kind of splits is that they need to get relaxed. Formerly, I used to to that manually.
By having this kind of script, you can maintain the original shape but have a great relax.
In fact, this worked great even on non-organic stuff. I worked on a car that needed some relax to keep the round shape where I had edge splits.
Works precisely as advertised. As Oleg says, this is exactly what a blendshape modeler needs, but I've already found many other uses for it (the sign a great tool). Brilliant stuff.
