For anyone who is interested in this app,a new upgrade is coming which includes render and paint features, and much more etc. that looks pretty interesting...
check it out here http://www.luxology.com/modo/201/

As I just bought the Modo version 102 as a sidegrade from another app I preordered this new upgrade...the reason also has to do with getting a laptop computer....

I just bought/received a new custom Sager NP9880 laptop which has the P4 3.6ghz (660) and the NVidia Quadro FX Go 1400 256mb card, with 2 G of RAM, 100 GB HD, an external 200 GB Seagate HD, it has a wonderful 17" glossy LCD Wsxga+ display, DVD+- DVD+R DL, TV tuner, wireless, PC camera, etc... and am really enjoying using the 3d apps on this machine which I can take with me anywhere (I use the Alienware AMD Athlon64 FX-55/ ATI Radeon X800 XT Plat. Ed. desktop and its other apps for the PS, vector and texturing work and ZBrush, Messiah, C4D, LW8, etc). This is a good combination, so I think I'll use Modo and Maya PLE mostly on the laptop.

Modo has me hooked!