This plugin gives a ton of flexibility to publishers for if they want to list just one post, all posts from a category, or just a few - with plenty of options like showing thumbnails, excerpts, dates, and more. The documentation on the plugin explains all of the capabilities in better detail here
My favorite part of this is the multiple taxonomy. This means you can display a custom list of posts - for instance, you can have ONLY posts that are BOTH categorized a certain thing AND tagged a certain thing be displayed. This is wonderful in it's robustness.
Another great plus is it plays nice with qTranslate - a plugin I personally use for all of our our site translations - with no need to patch it or anything!! Talk about great!!!
Wonderful work on this plugin.