What do you all think of this?

SKODA CAN Diagnostic Fabia Octavia vRS Superb Roomster on eBay, also, Diagnostic Tools Equipment, Garage Equipment Tools, Vehicle Parts Accessories (end time 02-Jul-09 18:22:08 BST)

Is it like vag-com ?

Not at all like VAG-COM, but decent enough.

Can read and erase fault codes

I have something similar sat in the car (not that it's been used for a while - FAMOUS LAST WORDS!)

I got mine from the UK, though, so its headline price was more but the P&P was only a few quid so it worked out cheaper. It will only read and erase engine codes, though - stuff like air con and electric windows aren't covered. And you can't do fancy stuff like change settings or do output logs...