I have v1.0 and have had issues with it. When it works though, it works out awesome.
FYI it's not a chip burner, it's just an emulator, like they say. All it's doing is allowing you to essentially 'burn' new images onto your rom without actually swapping chips out constantly.
Because of it's nature, it's not really user friendly at all, so if you aren't familiar with messing with binary code, it won't be easy. If you have to ask too many questions beyond that, it's probably not the solution you want to go with.