Question about Sequences

So this new Sequences package that is available, is it a replacement for Timeline? If not, what exactly does it do? I’ve gone over documentation and the demo project and I still can’t wrap my head around it.

It makes it faster to create multiple timelines and assemble assets into a sequence for a shot. E.g. with a mouse click you can create a new nested timeline asset in a new subdirectory and wire it all up.

I personally do not find the exact way they implemented sequence assets useful for my workflow, but I created my own script to mimic what they were trying to do.

I did a quick (low quality) video if any help.