Yes, but then there's this:

http://forums.luxology.com/discussion/topic.aspx?id=44663&page=6

 

pages 7 to 10

 

and:

 

Octane> fast?... not so sure...

http://www.newtek.com/forums/showthread.php?t=112506&highlight=octane+render

 

and:

 

Blender Render + GPU Acceleration

http://blenderartists.org/forum/showthread.php?t=199930&page=4

 

Post #63 by NInth Jake, on page 4:

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Originally Posted by agentmilo View Post
@Tyrant
I wouldn't really back that up- Octane still cant render particles, hair etc so it can't completely replace BI.
Octane is still missing a lot of important features IMO.

Btw it won't replace BI because it costs money. Sure it may be "cheap" right now but that is only because it is still in Beta stage, when the final version is released it will most likely cost more like 999£ instead of 99£ like it does now.

And the developer(s) are too focused on stopping piracy than working on the render features because they claim that they will go "bankrupt" otherwise.

Octane is really good and it is the fastest renderer I have ever used, not to forget the fact that it runs fine on my crappy old GeForce 9500 GT. I still wouldn't buy it unless they start working on the renderer itself.