I have Versatool version 1.02 running on Blackberry Bold 9700 with OS 5.0.0.680. Since the first version installed, Standby and lock actions do not work on a backlight off event. I know it reads backlight off, as I've managed to set it up to do something else and it works (turn off wi-fi). Would be a nice to have.
Another minor annoyance. When I recently upgraded to 1.02 (was ridiculously running an old beta version), I lost one of my popup menus. I recreated and the keyboard shortcut stopped generating errors. Backup/recovery did not work for this.