Does anyone know if Virtual Fashion already works with DAZ characters like V3 or M3?  Or any idea if or when it will?

http://www.virtual-fashion.com/html/en/products_vfmodels.php 
Seems that V4 and A3 are supported for sure, and the others remain to be selected.  I don't own it and don't have any interest in buying it, as imo the price is too high and the vendor is too dodgy about stating exactly what is supported and what is not, and how the product works.  

I own Phil Cooke's suite of tools and would recommend them to anyone, and he has built in tremendous support for a huge variety of figures:
http://www.philc.net/ 
http://www.philc.net/ClothingDesignerSuite.htm
http://www.philc.net/ClothingCreator.htm 
http://www.philc.net/CC_miniTutorial.htm walkthrough of his Clothing Creator utilities

My Freebies

Thanks pjz99 for the info.  I've used some clothes from philc before.  In fact I posted an image today that has M3 using some of this clothes.

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?

sshhhhhhh...
phil is really yoda in disguise!

(my lame attempt at acknowledging phils pure genius)

Comitted to excellence through art.