Just had a big OSX Lion update today. The folders on my desktop have reverted to the osx default colour - even when I updated the colours to try and change them, they stay light blue. All other folders are fine.
Very nice app with a clean UI. It does one thing but does that well. If something goes wrong, you can always restore your original icons with the integrated restore function.
Already works with 10.6.
Strange name though :)