I could be wrong, but the last part of the following quote makes me think that their company is geared towards macrostock (and not microstock):
"There are two other improvements that the company is working on. The first is the ability for photographers to tell Imagerights to search particular URLs (e.g. past infringers) and the ability to let the system know which images are already licensed so they dont show up in the report."
With microstock, you would most likely have no idea which sites have licensed your images (since the sites don't provide that information).
It is an interesting product nonetheless, and one that artists need more and more of (to protect their assets).