Yes. I ran into this to. It's true, it can do everything Print Audit can and is ridiculously low. When I mentioned it to people from Ricoh and to other people in the industry looking for value add products they tend to ignore it and avoid it. However, I feel bad and handicapped having to offer a product that is so much more expensive. I looked at Print Audit and for my prospect it would be like $5,000. For Papercut it was like $500. If your customer already knows about Papercut, you should tell them to buy it. I'd like to find a way to sell it and offer value added service for training and configuration.
Good Luck!