Well, it would be a very useful shortcut if it behaved the same as Command+tab ... but it does not.
Command+tab behaves like every other "alt tab" you've ever used - no matter how far you alt-tab over, hitting alt-tab again brings you back to the just-previous application. This means you can go over to a new window and immediately toggle back and forth with alt-tab. Works great. Everyone loves it.
Commmand+tilde, however, has a totally weird memory to it - it sort of goes in a forced order, without having a memory at all, except that it (seemingly) switches directions after releasing the key combination ...
However it behaves, you can't pick two arbitrary app windows to start toggling back and forth between. If chrome window A is 5 spots over from chrome window B in "the list", you will always need to flip over 4-5 spots to toggle between them.
And that just sucks.
cmd+tab orders by last active application, while cmd+` orders by last window created.
(see my other comment above)
Another thing I noticed just now is you can browse to no-window-selected using cmd+`
As far as I can tell, the logic is the following, with numbers representing order of creation, with 0 being no window:
[3,2,1,0]
If you switch app with window 3 selected, the order is maintained. If you switch with window 2 selected, the new order will be [2,3,1,0]
if you switch with window 1 selected, the new order will be [1,2,3,0]
If you switch with window 0 (no window) selected the new order will be [0,1,2,3]How do they manage to not fix this ? How do they live/cope with this ?
One theory is that there are no power users at apple computer - just a bunch of people mouse-mouse-mousing around their computer all day, every day. I think that's unlikely.
OSX power users that actually work at apple ... why don't you get this fixed ? I live with this pain because I have no way to do anything about it ... why do you live with this pain ?