It does a pretty good job of raw conversions with great highlight recovery although you have to be careful with the colour enhancement as it can go overboard and give a pink tinge to recovered skies. The interface is a little awkward at this point and there is no clone tool so it may be necessary to use Photoshop, or some other editor, more than you might using other raw converters. Apparently there are plans to have the software enabled as a Photoshop plugin. All in all it's a very promising piece of software however I haven't dropped Lightroom from my workflow yet.
If you download the trial send an email to support and they'll give you a 2 week activation code so that you can use all the functions.