Call100,
I can't see how the stuff surfed/downloaded after the date it was stolen could cause a headache for the original owner.
from the original description...
it takes a webcam picture of the person in possession of it and a desktop screenshot
You would therefore be transmitting images back to yourself and viewing them.
Of course it does assume your computer got screened at some point in the future.... unless of course the software also emails you the URLs being browsed, in which case your ISPs filters might pick it up.
All theoretical extrapolation of course......
Anyhow... I think we've taken this whole topic further than Colonal's initial desire just to let others know about some potentially handy software.