-- The name did make me think there'd be live timing function. Unless the thing with the broken, blinking 00h00 is it.
-- Project naming is broken. You allow projects to be named with more than one word, but things break if you do that: you can't use @Project Name, and todos added to a multi-word–named project are saved incorrectly and only get tagged with the first word of the project, so they aren't added to the project at all.
-- The projects should not be listed with arrows between: they imply a hierarchy where there isn't one. Also the general design breaks with more than two realistically named projects: http://imgur.com/Q49W.jpg
Seriously, everyone should work with real examples. It takes time and mental effort to enter realistic data, but how else will you know how well your product works? And you'll be able to take much nicer looking screenshots that actually show what your product can handle rather than only hint at it and make me figure the rest out myself.