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Some claim a task killer helps their battery life, I always found it to mess up my phone when I did try it when I first got my OG Droid. The consensus is, don't use them and with good reason: Android handles the memory itself.
i use this for those apps that i want but don't want the notifications for (*cough cough* Amazon Appstore *cough*) but other than that, i only use system task panel to monitor to see what's running when (not set to kill by itself)