You may have notice that as you hover over a link on this site, a dialogue bubble pops up showing a snapshot of the link (Try it).
Snap.com provides that a little javascript that does the magic that you saw. You don’t even have to sign up.
Thumbshots has thumbnail preview of sites for a long time (and I’m sure there are many more). These (Web 1.0?) sites should have made it as easy to include thumbnails for user to include into their site. But I guess they stopped innovating and Snap came in. A case of doing something simple, better.
It would be interesting to see Snap.com’s revenue model.
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