It does...
http://www.tooraktimes.com.au/cart.php?
But it does need a little work, but I have tried a few different shopping carts, including Zencart and this could be fantastic. It is a much needed a professional approach to an online vBulletin pro store.
I believe the developer has had no internet connection for a while, maybe a traveller, but I am told he is back onboard soon.
This should go the way of Panjo I reckon, the more dedicated and supported mods the better I reckon. I'm using Panjo also and I think this has heaps of potential and we could all make it work by just getting involved and thinking about this new way of tapping community markets from communities with similar values.