What Lite will be is a lightly slimmed down version of YTK Pro. It's goal is to compete with Y!TunnelBasic and Y!TunnelPro because it's free with, as you guys noticed, a lot of *working* features. There's no catch here... this is something that isn't worth missing out on. When it's made available (hopefully sometime early this week) it will be available for download at
http://www.YTKPro.com.
I'll post back here when it's available! :D