I have the original version.
Originally I was worried wrapping would cause stability problems, but found that Automap absolutely rules.
You do want to spend some time setting up and saving default mappings for each VST, but it's much, much better than ACT. And having the plugin values show up in the display is great too. I really wish ACT was half as good as Automap.
The wrapped version of a plugin is transparent and doesn't take anything away, so there's nothing to worry about there.
The main criticism I see of these is from people used to much, much more expensive, heavier duty control surfaces wanting something that feels more robust.