Is there a working on-the-fly compilation in NetBeans 6.5 and how well is it doing?

I learned today that NetBeans 6.5 should have an on-the-fly compilation of (single) Java files. This feature is well known from Eclipse: Simply store the file and the compiled class is stored, too. Is NetBeans working the same way? If not, how is it ticking?

From stackoverflow Georgi

• Yes, it's the same I believe...

  Here's a video showing it in action

  From tim_yates