I manage this product here at Google (for the USA).
We think that it should speed up site loading (in most cases) by asynchronously wrapping your other synchronous and asynchronous JavaScript tags.
We've included built in templates for our own tags at first though we will be introducing easier support for third-party tags soon (templating). At the moment you can do this by adding custom img or Javascript tags in the interface.
This product has most impact where you want to add/remove multiple affiliate tracking or remarketing tags (for instance), across your whole site quickly and easily.
Hope that helps.