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I used Hotwire fairly often, until a year and a half ago when I realized that I would rather pay more and get my frequent flyer miles. When you select an itinerary, a price comes up, and you have 30 minutes or something like that to buy it. They only deal with major airlines (the only airlines I've ever gotten on Hotwire are Northwest and US Airways) and you can select the amount of layovers and whether or not you want to take a red-eye. I only had one early morning flight the entire time I used Hotwire--the rest were mid-to late afternoon.
I like it, I just like my frequent flyer miles more.
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