Woo boy, another browser has entered the fray. This one is called Mach5 and hails from Hong Kong and is currently available as a trial. It seems NetAcceler has eventual plans to charge for the browser sometime after May (when this demo expires).
Anyways, Mach5 is like a combo of Opera Mobile 9.5 and Skyfire in that it can render full sites and even do YouTube/media, all proxied through a remote server to compress the data.
From my experience, it's pretty darn good. Graphics are nice, options are plentiful (but not overwhelming) and speed is pretty fast. Watching a YouTube video opens a unique media player (see above) that goes full screen — very nice touch. Downsides? Like Skyfire, this thing will zap your battery, and reports from users say that it makes their devices hot as a microwaved burrito. On the plus side, it looks fantastic on VGA screens.
But don't count Skyfire out just yet. For one, Skyfire plans to remain free indefinitely, and two, look for v1.x coming soon with a slew of new features and improvements — so don't count it out just yet. Still, it's good to have some competition to keep the Skyfire team on its toes. Download/Register here and after the jump, check out a video demonstration.