I think the screencast helps. I thought I understood the full potential based on the images. But the feature to compare the red selected page to the blue hovered page only comes through when you're moving the mouse around.
The "confusing" feature remains confusing. I think it needs a good example if you want it to not be confusing. A good example might be a photo collection of faces all in roughly the same position.
I get what it does intellectually, I think. It's really making a blend between the left view and the right view. It's faceted like the left view, but 100% zoom and full coverage like the right view. So it wouldn't be any less correct for the right view to become the confusing view instead of the left. Maybe the thumbnails should remain on the left, the full page on the right, and the confusing view in the middle.