Like boomboomer said without the se IP list you really don't want to use that on your site. I imagine that is why you could get a working copy so easy. It is worthless with the IP list.
SEC is just a tool - it depends entirely on you how you use it. I bought it about 4 years ago and in just a few months I was making about $2000/month with about 8 domains. Yes, it's a lot of work but I think it's worth it if you're just starting in IM. I haven't used it for a long time and I'm planning to use it again if I find the SLURL code.
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