Sure. The software is aimed at professionals, which is why it doesn't support compact cameras with fixed lenses. But because it's so professional, it only supports JPG, not RAW images. However, the price is very professional indeed.
Sorry, but you can do the same thing with some Photoshop actions, and many of these actions can be found online and purchased for little money (or created yourself). Prices of 100 dollars for a lens module are certainly not justified.