Launcher Pro, one of the greatest Android homescreen replacements (Sense who?), received an update today with 2 excellent new features: virtual homescreen looping and a Recent Apps dock popup.
The virtual looping feature enables scrolling past the leftmost or rightmost homescreens with a quick bounce-to-the-opposite-end effect. While Fede implemented it this way instead of an endless scroll for technical reasons, I think it's visually a lot better and clearer, as you will still know when you've reached the end and won't feel lost in your own homescreen forest.
Joining SMS, missed calls, and bookmarks, the 2nd feature is a new swipe gesture dock popup called Recent Apps.
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