It sits in your addon bar and shows you what cookies are set for what domain/site and exactly how the permission for a specific site came to be (from which rules). It gives you easy understanding and access to cookie control.defaults write com.apple.LaunchServices LSQuarantine -bool NOfind $HOME/Downloads -type df -exec xattr -d com.apple.quarantine '{}' \;
Although I suggest if you disable file quarantine, you should also force Finder to always show file extensions (Finder Preferences / Advanced / Show all filename extensions). Otherwise you could launch a malicious app that disguises itself as a PDF (without the extension it's hard to tell what you're trying to launch).
It can use a proxy server (see one of my previous posts on this), but it won't use the same proxy as you've set in "Control Panel" / "Internet Options" (aka. IE's proxy settings). Windows XP has a "hidden" HTTP service (it's actually a driver visible in "Device Manager" under "Non-Plug and Play Drivers") and Windows Update uses this service to access Microsoft's servers. To set a proxy for this service, you've to use the proxycfg command line program. However setting a SOCKS proxy won't take any effect (at least it did not for me, neither for airwin). But there're ways to get around this. 
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