If only they had true dynamic/simulation hair and cloth...then it indeed WOULD be full-featured.

NOTE: They are also making all their extensive library of video tutorials free as well.

NOTE: You can get V-Ray for trueSpace for $299, and maybe this is where the company is expecting to get revenue. That is a GREAT deal.
http://www.caligari.com/store/trueSpace/default.asp?SubCate=S2truespace&Cate=STtrueSpace

I would check the specs, however; it is possibly not the FULL V-Ray suite of features.

::::: Opera :::::