Basically it works in the same manner as the digg spy with 'new submissions' as the only option checked. I am unsure how reliable hivespy is at aggregating each sites newly submitted stories, but one thing is for sure: there are tons of del.icio.us links.
As far as features are concerned, you can pause or forage.
- Pausing does just that, it pauses the fast-moving hive so you can click and read the links much easier.
- Forage gives a bit more information about the link itself; such as what time it was submitted and what time it entered the hive. For sites with tags, it is nice enough to list those as well as similar stories.
The only thing I wish is that it listed the link to the site where it came from. Other than that, I thought it was a pretty interesting find. So check it out.