System requirements:
The component has the same system requirements as joomla, in addition it requires curl or the php setting allow_url_fopen set on (prefered). The component is tested against version 1.5.15 of joomla
simple test script to test the basics: req-test.php, put it on your server and load it.
For importing large feeds access to the command line version of php is recommended.
Old versions of mysql ( < 4.1.2) will not support database collation, this might result in problems with special characters.