I have been using Arq for the last 3 weeks. It's very basic software at the moment, but it does the job. It lets me see file revisions and restore files as necessary. Unfortunately these files can't be seen directly in S3 due to the packing nature of how they're stored.. so if your mac crashes and you want a file, you'll need to find another mac and install Arq to retrieve your files.
What sort of alternative for restoring would you be interested in? Maybe an open-source command-line utility?