This alternative browser looks like it is built on Internet Explorer, and combines a notepad with Web browsing. Student Pad splits the browser and notepad horizontally, so that the top half of the window is for taking notes and the bottom half is for surfing the Web. It sounds like an interesting project, but currently there is plenty of room for improvement.
There are some nifty student-based needs addressed here. Features include a built-in calculator with square root functionality, a calendar, a bibliography template, an e-mail client with Gmail and Hotmail hooks, an MDI editor, and a basic spate of browsing features. You can change your font, adjust the text and background colors, mark favorites, and view the source code. A helpful icon copies and pastes the URL you're looking at directly into the notepad.
However, the browser itself doesn't work as smoothly as it should, if it wants to be compared favorably to big-name browsers. It's slow to load pages, sluggish when scrolling, and flows like molasses when jumping into other windows. A lack of tooltips makes getting acclimated a struggle. Modern-browsing features, such as tabs and a download manager, are not supported, and advanced-security enhancements are present only in a "Web security indicator" that doesn't seem to work. For right now, Student Pad remains an interesting curiosity, but nothing more.