There is support for M3, V3 and V4 but as far as I know you need the pro version (1.5). M3 and V3 as well as KojiG2 come free with the pro version. V4, JamesG2 and KelvinG2 you have to buy seperately. Virtual Fashion is working on new models like stepanie3, david, aiko3 and more.
I upgraded from VFbasic to VFpro1.5 in december, when they had a promotionprice of €99,- at the moment the upgrade is €150,- Some things like the export-function are improved, compaired with the original VFbasic, there are more materials and you have the possibiliy to import you own textures (only colors AFAIK, no bump maps.) But the amount of figures that Philc supports is much,much more.

-How can you improve things when you don't make mistakes?