Yes. When you click on core joomla banner the click url opens in a new window without any problem but with this component it opens either on the current page which is no good as you lose your visitor or as a pop up window not good either since majority of the average users do set up their browsers to block pop up windows. So this is not much good unless you run multiple sites and put the banner for your own self only.
I am sure this could be much better if this module opened the click url in a new window rather than as a pop up. I have tried to correct this but I am a novice.