TE Club is a recently launched traffic exchange by Kjell Skogsøy. It runs on a custom script and has lots of interesting features. First, the surfbar: you can actually pick which site you want to view next out of 4 preview thumbnails. I think it definitely makes surfing a bit more interesting than clicking those tiny surfbar images all the time.
The second interesting feature is the traffic exchange rankings. You can vote for your favorite TEs from the members area, and even directly from the surfbar when you are viewing a site that is added to the TE Club ranking system. What’s more, you can actually enter your affiliate IDs and get referrals to your favorite exchanges (e.g. ranking list also works as a downline builder).
The OTO upgrade offered by TE Club might be worth your attention. Not only it gives you a nice 65% discount off the yearly membership price and 1,000 credits every month, it also includes a LFM lite membership site script which normally costs $97.
Update: traffic delivery at TE Club has slowed down to a crawl, so I don’t recommend joining this site anymore.