John Resig's Inheritance

John Resig, the jQuery creator, has created this Javascript Inheritance code. Anyone familiar with OOP style will be happy. The original article complete with explanations and examples is here: http://ejohn.org/blog/simple-javascript-inheritance/ . I copy the code to this site for easy reference and of course for completing this site, as I use this inheritance code virtually everywhere!
/* Simple JavaScript Inheritance
 * By John Resig http://ejohn.org/
 * MIT Licensed.
 */
// Inspired by base2 and Prototype
(function(){
  var initializing = false, fnTest = /xyz/.test(function(){xyz;}) ? /\b_super\b/ : /.*/;

  // The base Class implementation (does nothing)
  this.Class = function(){};
 
  // Create a new Class that inherits from this class
  Class.extend = function(prop) {
    var _super = this.prototype;
   
    // Instantiate a base class (but only create the instance,
    // don't run the init constructor)
    initializing = true;
    var prototype = new this();
    initializing = false;
   
    // Copy the properties over onto the new prototype
    for (var name in prop) {
      // Check if we're overwriting an existing function
      prototype[name] = typeof prop[name] == "function" &&
        typeof _super[name] == "function" && fnTest.test(prop[name]) ?
        (function(name, fn){
          return function() {
            var tmp = this._super;
           
            // Add a new ._super() method that is the same method
            // but on the super-class
            this._super = _super[name];
           
            // The method only need to be bound temporarily, so we
            // remove it when we're done executing
            var ret = fn.apply(this, arguments);       
            this._super = tmp;
           
            return ret;
          };
        })(name, prop[name]) :
        prop[name];
    }
   
    // The dummy class constructor
    function Class() {
      // All construction is actually done in the init method
      if ( !initializing && this.init )
        this.init.apply(this, arguments);
    }
   
    // Populate our constructed prototype object
    Class.prototype = prototype;
   
    // Enforce the constructor to be what we expect
    Class.constructor = Class;

    // And make this class extendable
    Class.extend = arguments.callee;
   
    return Class;
  };
})();
Usage:
var Person = Class.extend({
  init: function(isDancing){
    this.dancing = isDancing;
  },
  dance: function(){
    return this.dancing;
  }
});

var Ninja = Person.extend({
  init: function(){
    this._super( false );
  },
  dance: function(){
    // Call the inherited version of dance()
    return this._super();
  },
  swingSword: function(){
    return true;
  }
});

var p = new Person(true);
p.dance(); // => true

var n = new Ninja();
n.dance(); // => false
n.swingSword(); // => true

// Should all be true
p instanceof Person && p instanceof Class &&
n instanceof Ninja && n instanceof Person && n instanceof Class