I just looked up the Wiki on NTFS and there are exceptions to the NTFS 3.1 still being current and essentially unmodified even for Vista and Windows 7. There is an optional format for a newer version of NTFS so this package won't do it (Transactional NTFS) but should do all others just find even in today's messed up (oops, sorry Microsoft) Windows.
I haven't tried it yet (Windows XP Home...
My own interest is for free partition managers, I don't think this one will have any problems with the latest since NTFS hasn't changed for years AFAIK. And I think MS Vista still used the 'old' NTFS. I wish I had more expertise in S/W development (and a good computer) and drive formats / partitions / OS basics so I could pick up on this and other online projects.