It's not caused me any problems. I have hidden some of the virtual MIDI ports in Sonar, just to reduce the visible options. It seems to do "what it says on the tin" both driving stand alone instruments, VSTs in Sonar and recording a MIDI track in Sonar. That said I have not used it much so I may not have encountered the problems others have seen.
Version 3 does not seem to give me much over and above the latest capabilities in Native Instruments Komplete Kontrol. The later has been developed and now supports many more scales than it did in the beginning.
Toontrack's EZ-Keys has a different approach and certainly works well as a tool for experimenting with chord progressions.