All Gobbler is at the moment is an alternative (and easier IMHO) method of downloading updates and new products. The licence is still managed by iLock and you can still download the installer from the website.

Using gobbler you know what updates are available and only download what's needed, not the whole catalogue every time.

Let me add to that, that you don't need a physical ilok key, just and ilok account and the ilok manager installed on your machine. You can then use the ilok manager to authorize your machine.