The reconcile action was not being run if necessary till the user started editing. (It should be run the first time the user opened the editor).
Another issue was that the whole workspace was being forced to refresh (when reconcile was kicked off), rather than the directory containing the snapshot file. This would cause a performance hit for really huge workspaces or when the projects were on network drives.
Since 1.0.0: Some bug fixes and performance improvements.
This release has all the features that I could implement. RFEs are welcome.