It shows promise but it's still a bit in its infancy.
It lacks (or lacked a couple of months ago when I last tried it) functionality that I deem indispensable, like putting and importing all the movies from the same directory (it wants - or wanted - every movie to be in its own directory).
Also, it uses a lot more memory. Which is probably fine for most people, but since my little server only has 1.5 GB RAM, it really makes a difference for me.