Yes it is the latest version.These seem to expire every 6 months,but Garnet are still providing updates thankfully.
You will notice that the emulator has a small memory allocation - too small for many applications and data storage.Some clever members found a workaround for this
http://forums.internettablettalk.com...t=14391&page=3

Go to post 29 - Open Xterminal and type what is in the box under 'Code'

The external SD card will now be recognised by Garnet VM so no more memory store restrictions.

Jeff.