Looks like a bulky version of quick-scope (maybe inspired by?): <a href="https://github.com/unblevable/quick-scope" rel="nofollow">https://github.com/unblevable/quick-scope</a>
I have EasyMotion installed but don't use it often. This reminds me very much of EasyMotion, why should I use vim-snipe over the fact that I already have EasyMotion installed?