FaveBot is an alternative to Google Alerts and helps you track your favorite keywords on the internet. For example if you would like to stay updated about the latest happenings related to Firefox 3 and what is being posted about it in different mediums like Blogs, DVD, Events etc then you can setup a track for Firefox 3 in FaveBot.
Like in the screenshot below, we decided to setup a track for Abhijeet Mukherjee and Jeet Blog. Also FavBot recommends to use more then one keyword to reduce spammy results.
Techmalaya has a detailed review of FaveBot. You may try this tool and compare the results with Google Alert to check which is better. Personally, we think FaveBot is a nice tool and produces satisfactory results.
Abhijeet Mukherjee is a blogger & web publisher. This is his personal blog about blogging, productivity, internet marketing, social media and other random stuff. 
