I use version 4.82. It is a small 1MB download. I use this program as my HTML editor. However for those looking for additional features you might want to try the Standard or Pro versions. Each version has all of the features of the lower versions.
Nothing is taken away.
Only things are added. I am happy with the Notetab Light freeware version since it is not my primary word processor. I use this program purely for its HTML editing features. I find that with the HTML clipbar I can quickly and easily insert HTML tags in my work for Epinions and Suite101. It also does well with my multi-page website.