No.

It is designed as a replacement for part of the player software. The bit it replaces is the bit that (j)emplode talks to when managing the database.

The end aim being to not have to run the player software at all.

The reasons for wanting to do this is so that you can end up with a complete open source replacement for the player software and therefore add new features (such as OGG) without waiting for Hugo, Rob, Peter, Roger, Toby et al

That's how I understand it anyway.