Its a whitelist with lots of additional features to make it more practical. I would really like to use it, but my cable internet provider seems uninterested..at least so far. Probably not enough complaints yet.
One interesting thing about manual whitehat filtering is that you get a good feel for how many people/orgs you are actually communicating with. I get so much spam now that it was almost impossible to deal with my inbox in an efficient manner prior to implementing a whitehat list. This is the down side of having the same email address for 6+ years.