I agree with
KoalaBlue. I can't see any reason to make 2 versions. The version we all have is easy to use, and there are a lot of features, but its easy to remember the ones you need.
The only possible reason I could see for making a streamlined version of Plus is to reduce the size of the setup file. Its currently just over 2Mb, so even on a 56k modem, it won't take forever to get.
As for the registry options, they are very specific and 99% of users won't need to touch them. I certainly haven't