This module is beautiful, look wise and has lots of great functions. It's being used by default on many new templates. However, be aware, it has a massive flaw!
It cannot show the first image in an article by default. You must set your image as an intro image. If you do set it to default image, your image must not contain any text previous to it. If you have a lot of clients who aren't that web savvy, you're going to have a hard time. If you don't style all your articles the same way, you're going to have a hard time. If you're upgrading from J1.5 and have lots of articles with no intro image set, or text before the fist image, you've got a ton of work ahead of you. It's really frustrating, all other modules in News Display work by displaying the first image of an article, across Joomla, Wordpress, Drupal, etc.
I've had a lot of experience with Rocketheme, and I have to say, they have some of the rudest support agents in Joomla history. Unfortunately they have a very large Joomla presence. When a company like this develops a much needed extension such as this, other companies back off and come up with something else. Leaving a major gap in Joomla's external development. Not to mention when it's being used by so many template companies, you and your clients will be left greatly disappointed.
There's a lot of discussions on their forums about how ridiculous this missing feature is, to which they usually response "that's just your opinion" ... "we don't care."
Two big thumbs down on what would otherwise be a 5 star extension.