Yes, this does work, try bumping up your number of connections. Also try using the various ports 6346 and 8080.
Remember this is a beta product and obviously has a number of bugs and problems but will probably be the replacement for Napster, so let's buck up the attitudes out there and give some encouragement to those providing us with this free software which allows us free access to mp3 music. I for one highly appreciate it particularly in light of the fact that I go 'way back' to the days of 'monaural' and 'hi-fidelity' ah but I digress.