Content wise it's the full version, though it has a complete UI overhaul that is still a little buggy, and that should be fixed before the public release.
I’m so glad you work like this, it’s like you actually care about the story, even though a lot of other AVN creators are just in it for the money, meaning they have patreons and one measly update a year with the free version 5 updates behind the payed one. Can’t wait for the next update