This plugin does make it easy to create custom taxonomies and post types, but does not provide any way to make changes to labels, etc - so it's still a really early version without the more robust capabilities of some of the more established plugins.
I also noticed upon looking at the code that when you activate this plugin, it sends an email to the plugin author notifying them that this plugin has been activated, along with your URL. This is not cool, especially since that wasn't specified in their documentation.
Create taxonomies with one click. Works as advertised.
This plugin is great and provides enormous flexibility
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