Is Alfred the new Quicksilver?

Having a quick launcher and the possibility to do almost everything with Quicksilver made me a fan of it for years now. Now there is a new app that came to my attention. It is called Alfred and supposedly picks up where Quicksilver left off. Still in beta it makes a good first impression, but let’s see if it can hold up with the numerous functionalities of Quicksilver.

Alternatives:
Quicksilver
Launchy (also still in beta)
Butler, 20$
Google Quick Search Box

Further Readings:
How to quickly launch apps with Alfred
Alfred picks up where Quicksilver left off
How to access everything quicker with Alfred