The software looks really interesting. Can anyone tell me if it can also create good side view or top view images (maybe slightly offset angled to show some detail for e.g. top down scroller or racers like downhill racer)? Or is this software strictly for isometric views?

As they're 3D objects you can point your camera at them in any direction you like!

It does side views from four or eight angles and I believe there is a top view as well.