Developer Saied Ghaffari's company, It's About Time, should be well known to TUAW readers. We highlighted the widget iPad app the company created, which regretfully never made it to the App Store. Apple essentially banned all widget apps, so Saied and company decided to try something different: creating a web browser optimized for touch navigation on the iPad.
The result is the Life Web Browser. Ghaffari's team looked at the shortcomings of Safari and alternatives such as Perfect Browser before beginning design. Safari doesn't provide tabbed browsing, and tapping any link opens a new window that must be loaded prior to viewing. Perfect Browser adds tabs, but Ghaffari's team found that tabs weren't exactly the best interface for navigating an iPad browser. In addition, tapping a link opens a new tab and the user must wait for that tabbed window to load.
Life is built upon WebKit, the heart of Safari, so any features that are added to future versions of Safari should make it into Life. But that is where the resemblance ends.