The Demo version is fully working version 1.4.9 except with all MIDI, saving and loading of projects and macros disabled. Only the example project can be opened from the File menu.
There are lots of people having the app on their wishlists, so maybe this will encourage them more.
It has been bit of a bumpy road during this first year, but 1.4.9 is definitely stable and well supported.
Thanks for all those who still supported me and didn't refund despite all the issues. This is by far the most complex software I have ever developed, with currently over 130,000 lines of C/C++ code.
With 1.5.0 and forwards I will focus primarily on more new sequencer types and UI stuff, even though I have some ideas for a granular sample-synthesis module too.