...and how do you make it and what are some good uses for it?

here is the article source on CC:

http://www.cakecentral.com/cake_recipe-1603-Rolled-Buttercream-Icing-Recipe.html

Haven't used it yet, though I am making some for a Strawberry Shortcake Cake next weekend.

From what I have read most people use it instead of fondant.

does it have a better taste or texture than fondant? what has a better taste this or mmf?

wow i never knew you could use buttercream in this way.

is it similar to fondant or not in texture?

It is not as "chewy" as MMF. My family liked it MUCH better than MMF for that reason.
I find it harder to work with. I have only used it once on the white anniversary cake in my pics. I thought it tore easier and was more flimsy to get on a cake. Maybe I just need more experience with it. For now I will stick to MMF.

I'd like to try it just because I dont like the taste of fondant. Although it looks really nice I just dont like the taste.