Thank you for the review Grr, however I do have some comments regarding the Cons:
1. No update button to check for update
It's true, you cannot check for updates from the application, this is something we're implementing in version 8. However we make our best to announce everyone when a free update is out there (twitter, rss, website, email sent to user, ...)

2. even after registering still buttons like Register & Buy Now are not grayed off.
This shouldn't be a Con. Actually we have users that change licenses in between their computers or want to add additional ones - if we would grey that out they wouldn't have the option to re-enter the key anymore once put in.

3. Should have a context menu print option.
It will have, however right now the OS itself offers a Print option - if you put novaPDF as default you'll get the document right-clicked on sent to it for conversion to PDF.

4. Add-ins for Microsoft® Office Word is not installed and is not visible [office-2003]
During the installation you are asked to installed the add-in for Office. The option is checked by default. Did you leave that option checked and still the add-in wasn't installed? Did this happen to anyone else here? We offer it as a separate download too so you might want to try installing it directly from but again it should appear in the first time if you left that option checked

5. Fails to open Hyperlinks in a pdf printed word/text document in Default Browser [IE]. Instead opens in secondary browser [FF], which is open.
This is not a problem with novaPDF is actually a problem with your PDF reader and/or browser association. novaPDF only does the hyperlink conversion, it doesn't "tell" the reader with which browser to open it.

6. Crashes very badly if there is an attempt to print a watermarked pdf, adding another watermark.
Can you reproduce this or better yet tell us what you did exactly to crash it? I understand you have a PDF with watermarks and you are converting it again to add another watermark to it?

7. Does not prints words/alphabets/characters in a Microsoft Word-2003 document which have background set to blinking.
- blinking backgrounds were removed in Word 2007 and most likely they won't be supported anymore in future versions. I don't know why you would create a text with blinking background only to print it to PDF after that

8. Degradation in the quality of images in a word document, when printed to pdf.
In Printing Preferences there's a Graphics tab where by default Compress is selected, choose None and print again, the quality of the images should be better but larger PDFs resulting.

9. I could not find a way to save the printed pages to Desktop by default. Instead it always saves by default in My Documents. Even creating a new profile didn't have any such setting.
In Printing Preferences there's a tab for Save and under Save options there's a Configure Save Options button where a Always use this Folder option is present - you can select Desktop by default there.

10. Bookmarks in MS Word-2003 are lost while printing to pdf.
Please note that the Bookmarks option in novaPDF (when not using the add-in) doesn't convert existing Bookmarks to PDF Bookmarks. What it does it converts text formatted in a particular manner to PDF Bookmarks, based on the definitions you add for those via the Bookmarks tab in Printing Preferences.
However the add-in for Word does just that, meaning it will convert bookmarks from Word into PDF.

11. When a PPT of 1.17mb is printed, it creates a pdf of 15.8Mb. Creating pdf from same PPT using PDFCreator gives a pdf with size only as 827Kb.
This is not an accurate comparison because by default we don't use the same compression settings as PDFCreator. One common thing in getting PDFs that large is by resizing images within powerpoint itself (or cropping them), instead of doing that externally and including them in PPT after that. What you can do for instance is select one image in the PPT, then click on Compress from picture properties (make sure you apply the option to all pictures) and make sure you check the "Delete cropped areas of pictures" option.