I tried it this afternoon. Works pretty nicely, recognizes the reader without a problem, the syncing works as expected, even for newsfeeds.
However, once again, the formatting is nearly inexistent: some bold, and at least inline images, but not much beyond that. No margins, centering doesn't work reliably... This was tested using some of the free sample books from Mobipocket.com.
The only Zoom option is Full Screen, but at least you can change the font size (still only the default Sans-Serif) The books are obviously "formatted" for a much smaller and simpler device, for instance the covers are postage-stamp size on the DR1000. The books you can purchase for the Sony reader from their own ebookstore are much better formatted for the designated device.
It's there, but very much a work in progress, like all the other formats except PDF perhaps.
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