I bought this software about 4 or 5 months ago, and it does work. Alot of what I'm about to say is going to sound negative, and I guess it really is. Just understand that while I do love this software, it also gives me reasons to hate it.
The thing is, it doesn't ALWAYS work. I love the program, I really do, but I'm not sure it was worth the $180 I paid for it. Don't get me wrong, it has more than made my money back for me, but...
I've had 3 day periods where when I try to open the program I get some kind of stack overflow error and it'll immediately shut down...and then randomly it'll decide to open perfectly fine again a few days later. I don't know if this has something to do with the fact that the software updates itself automatically, or what, but it has been a fact for me.
Another thing is, depending on how you are setting it up to upload your videos, it may not be the best option for you. One of the many things I have it do is uploading series of videos, but there are many times where it will get a null webresponse from youtube and skip uploading those videos that get the null response, meaning you have to go back in and manually upload them. This probably isn't a problem for many people, but it is for me.

Honestly, I don't even think this software was built with that in mind, anyway...it just happens to be one of the ways I've used it.
The software does get updated. Right now It's on 1.95...though I have the 2.0 preview sitting on my desktop too. The thing is, these newer versions don't work for me. When I try to create and save a campaign for uploading the software crashes. EVERY time. I am still using an earlier version (1.9) due to this fact, though I would LOVE to be able to use the newest version given some of the new features it contains.
What really gets me is that I have sent emails to their support about this (last one I sent was on November 3) but I don't get a response. Looking at tehmadcracker's profile here I can see right now that he was active on this forum just yesterday (though he hasn't posted since 9/30), so I know he is alive and kicking.

Back when I first purchased the product he was responding to my support emails and pms, so I am not 100% sure what happened as far as that goes.
Like I said, don't get me wrong, this is a great piece of software that I still use every day that it lets me. I just feel like $180 may be a bit of a hefty price tag given some of the bugs, the fact that the most current version simply crashes when you try to setup a campaign, the fact that you can only use it on one machine, and what I feel has been a drop off in overall support.
If you don't believe me, I feel like this kind of sums up the support issue http://seobynumbers.com/products/instacash-bot/ (look at the date it is scheduled to be released)
I wish I didn't have a reason to write all that, I really do.
@tehmadcracker: Like I said, this is a great piece of software, and there are many out there who are interested in a working software that does what this one does...please don't just let this one die.