I guess both yes and no....
The car passed the tests and is road legal since June 2009. I drove about 1400 miles during last summer, including approx 300 laps during track days.
The picture below is from a racing track (Kinnekulle) in Sweden last August and is taken by Peter Lindberg Photography (Thanks Peter!)
The engine performed really sweet at all times and no signs of overheating, missfires, nice steady boost at 1bar. There was enough power to push the car from 0 to 60 in 4,3 s. With better grip it should be possible to lower that figure.
However now the car is totally stripped down and being rebuilt. New rollbar, new petroltank and a new 1.8-20V NA engine + some other small bits and pieces.
New Engine spec.
Audi AEB (1.8T-20V) bottom end
82,5mm Wössner forged pistons with 12,3:1 CR
H-beams
Race bearings
Dry sump
Audi AEB head
Oversize Supertech valves
Supertech valve springs with titanium retainers
Cat Cam shafts
ITB's
ARP bolts