SBSchedule allows you create groups of toggles and set their state (on/off) at a given time, or via the quick access menu.
Some examples include turning off battery hogging stuff like 3G, Bluetooth, Location and others at night when going to sleep and automatically turning them on at morning.
SBSchedule uses SBSetting (from BigBoss) as the basis for what you can turn on and off in your sysytem. Toggles are the buttons you see in SBSettings which allow you to enable / disable certain functionality.
SBSettings already comes with an extensive list of toggles builtin (like Wifi, Location, 3G, Edge, Phone, etc...) but there are tons more online (just search in your favorite manager for sbsettings or toggle) that can enhance your experience more, like Push Mail, Push Notifications, VPN and others...
Currently SBSchedule only supports the on/off functionality of toggles.
By default, a quick short press on your sleep/lock button anywhere should popup a list of your groups, and you can active whichever you want. You can change the hotkey by using LibActivator settings menu.