It is overgrip. What else should it do? After researching a few different sites, this seemed to be the winner especially in the bang for the buck category. I didn't need a 12+ pack like some other sites were offering to get a decent deal, and Walmart had the 3-pack with cheap shipping (or free site to store, which I did).
The manufacturer applied grip (Prince racket) had lasted for years (no joke...I don't play enough) but it finally deteriorated and it was time for new overgrip. This is only about half the thickness of what I removed. That might produce a problem with shrinking the grip size slightly, but I'm okay with it for now. The grip is sufficiently tacky and has a good overall feel. Though not as soft (nor thick) as the thicker grip it replaces, the many reviews appear to indicate this is one of the best overgrips out there. I won't have a chance to sweat enough to find out just how well this holds up and works for probably another month or two, but I'm sure it will be fine.