Finally tried it out, I just installed 5 pins the 6 pin BDM header onto the DEMOQE board (I didn't install a pin in the VDD line) and it programmed and debugged my protoboard built QG8 prototype just fine.
This is a good way to get what seems to be the full functionality of the PE BDM pod at about half the cost. The only thing in my mind that you are lacking is a nice case.