Making hair with this?

Is this any good for making hair and how about the renderer?

http://www.dedalo-3d.com/index.php?filename=SXCOL/makehair/quickstart.html

hold for the next release, or look for a recent [very recent] 2.40 alpha release

http://www.blender3d.org/cms/New_Particle_options_a.721.0.html