Yes siree Bob, er, tsaint! Ad-Muncher is developed by Murray Hurps in Australia. A LOT of my favourite apps are developed in Australia (DOpus, Admuncher, Resource Hacker, ExcelPipe, StatistiXL, RapidPi, etc.). Good stuff!
Anyway, glad you've gotten some satisfaction out of Corel (missed saying that in my last post) and hope X2 proves to be worth the hassle!