Yep, you read that right.  The posted an update to version 1.2 and the website says it is FREE.

Here's the link http://www.red-gate.com/products/SQL_Log_Rescue/index.htm so check it out and get a product that can really save you. 

I have used this program many times to recovery data that a errant SQL statement caused.  Actually, it has more than paid for it self (we bought it as a bundle to their backup software...by the way you should check our version 5 of their SQL Backup software) the first time we used it.  We had a Jr DBA run an update query and forgot to select the WHERE clause and updated 250,000 records.  OUCH!!!!  He came running into my office and spilled his guts and I smiled, started up this tool and was able to undo the query. 

The only caveat is that it only works on SQL 2000 and they are still in development on the 2005 version.