I have that. That is the one I have problems with.
Its failism is epic. (3ds max importing doesn't work, you can't multi-select to edit the properties/colours)
Basically, all you need is the mqo2pmg converter and Metaseq. (whatever you do, you'll end up using this anyway.)
Mabi Universe also has a good video guide on how to modify with Metaseq.
Btw, we apparently have the translated version here already. I don't know why I say apparently, as it was Serif that said.. =/
UNLESS SERIF LIES TO US?!? UNPOSSIBLE.