Document what file_entity does and does not do on the project page

Is there a UI? I'm wondering where to begin. Thanks!

Here is my list:
Does...
- provide a Content > Files UI to browse all managed files.
- make files fieldable via code and UI (using Field API and the Field UI module).
- support multiple files types defined in code only (hook_file_type_info() and hook_file_type_info_alter) as entity bundles.
- support view mode for files, defined in code (via hook_file_type_info_alter).
- support multiple displays for each file type and each view mode. Displays can be contributed by additional modules. Configuration is made via UI and can be exported to code (CTools exportable).

Does not...
- provide any kind of file upload interface.
- provide a CRUD UI for file types.
- provide a CRUD UI for file view modes (you have to use Display Suite or something similar if this is wanted).

Thanks mongolito404!

I've updated the project page with the functionality outlined in #4 along with some basic information on requirements, installation, etc.