It could be a nice plugin but it lacks of clear information on how to use it.
Isn't so intuitive how it's claimed. I tested on wp 3.6.1 and I found difficult to make it working. It doesn't work with qTranslate or at least my settings were not correct because adding new content the 3 different titles of my 3 languages appeared all together and mingled.
Maybe, I repeat I made wrong settings but anyhow isn't clear how to use it. Add some screenshots and show the usage.