Short answer(and long ) is yes sure, you just need to use it properly and results will come.
Most of the tools and services on the net are still working after penguin and will work in the future if you use them properly(imitating natural internet bahavior).
In case you didn't notice, I have explained how to use it few posts back(you can just read yellow notice below nav bar),
also you have great tutorial from seobunny in this section...
Few posts back I also announced that I will post my testing results as soon as I have them and they will be in form of a tutorial,
but so far from my testings I can say this:
Tool is working great still, but you need to use it how it was explained already here.
Also there are few factors/signals which I think are playing great role now and these are your brand, authority, social, visitor behavior, speed, etc. and sure good On Page SEO and linkbuilding profile for each page/URL and domain.
What that means, it means that backlinks needs to be proportional to each of these profiles(there are exceptions) which means that certain URLs can't "handle" big numbers of links in short period of time(there are exceptions).
So in this case less is more. I would suggest to use 60 or even 90 days (remember I'm still testing it) in submission process to look more natural(I even want to add 120 days submission and maybe more),
and for some URLs use just 20 submissions, or even 10 for some, this way it will look more natural.
Also as I was always saying you need to DIVERSIFY, use couple of link building tactics, but don't create all at once and then nothing, you need to have a plan.
One more thing you can use aside from direct linking to your money page are buffer pages(highly recommended), like web 2.0 properties, articles, blog posts.
The best way would be if you make guest post on some niche authority blog and then you bookmark that blog posts the way I explained it here and in few posts back and in bunny tutorial...,
also use some other ways to promote that blog post, but as I said nothing too much, remember less is more in some(most) cases...this way you will get some HUGE authority links.
As some of you may know I'm planning a new tool, which was intended to be done already, but because of these algo changes and my testings and testings from other SEOers I'm constantly changing it,
so things are changing on daily basis, but final product will going to be something similar from above explained example, among other things.