I'm using WordPress 2.0.4 in Hebrew.
I installed FeedWordpress earlier today.
All in all, the plugin seems to be working fine with it's automatic configuration (post new items automatically etc), but when I change this option to "Hold syndicated posts as private posts" or "Hold syndicated posts as drafts", those posts seem to be lost. They just don't exist as drafts or private posts.
I ran a check on the WP mysql posts table, and I can see them there, marked as private or drafts - but they're not available on the admin page.