That depends what you consider "better." It's not as pretty and doesn't use the touch screen to scroll between files.
But...it scrolls faster than TTMenu, sorts the files alphabetically, allows you navigate files that are separated into folders (so the files aren't in one long list), loads in GBA games without a loader program (sometimes) if you have a slot2 GBA expansion pack, loads the Opera browser without a loader program if you have a slot2 GBA expansion pack, loads other types of games directly into an emulator if you have one installed, can boot to the NDS menu, etc.
-Bri