It works just fine with v4.4.4 - the only thing that will be missing is the new 'socialize' module/facebook comments module that they introduced on the product pages.
I am testing the template with v4.4.4
here
But some initial bugs are emerging, you should be able to find fixes
here and
https://bugtracker.qtmsoft.com/view.php?id=40348
Edit: Socialize/Wibyu modules have been added.