Currently Objectify is a secure file archive system. It can be used to store files in a disk partition, memory card, or into an encrypted file. It can also be used to hide files on a computer. I am planning to write some new documents, in the next few weeks, describing each of these in more detail.
The Alpha_29.11 release was to fix some minor bugs, since the Alpha_30 release isn't quite ready yet.
Please note that I am in the process of moving the project from the SourceForge New World OS project to the SourceForge Objectify project. The Bug and Feature Request trackers are here on the Objectify project: https://sourceforge.net/projects/objectify
The CVS and Downloads are on the New World OS project: https://sourceforge.net/projects/nwos