Yes, there are some minuses (auto switch off, etc), but I used it b4 1.72 with TomTom and a Polstar BT GPS with no problems. I now don't need it as TT3 seems to be ok with the MS BT stack.
If you could let us know what you want it for, someone should be able to advise more specifically.
BTW, I re-read my post and I wasn't being funny about using the search. I had the same problem when trying to track down Pocket Bluetooth Tools, there are so many topics on Bluetooth it takes a long time to find what you're looking for. So I put it here in this nice short topic (now rapidly growing!) to try and make it easier for others to find in the future as well.