Yeah, I'm in the mode of evaluating several tools right now. While Modul8 has excellent overall performance, 1.1 is a bit lean on features (not looking for *everything*, but more than what is in 1.1)
The three major tools I'm looking at are all about to release updates. I'm watching to see what they will include, before choosing which one to purchase.
Breaks down like this -

Modul8 - Modern, fast, elegant. Very limited features.

Isadora - Versatile, excellent performance. Too much pre-show work to do.

FlowMotion - Nice feature set, great price. No freeframe on Mac, mediocre performance.
Isadora, and Flowmotion are both in beta with the new versions, and are both making nice improvements. They've both announced *most* of the features which will be in the new versions. Modul8... hasn't yet. It is one of the reasons I'm waiting to decide, but I can't wait forever, as I've got some gigs in the near future...