Another online release is available (MeTA Studio version 2.0.31032009). This is primarily a bug fix release. But it also includes a test geometry minimizer based on MM/UFF being written by Josh. To use this Right Click in MoleculeViewer, Choose Tools -> Minimize. Again note that the minimizer is an experimental code, and may not give you expected results!
And yes, suggestions are also welcome for the modified project page at: http://code.google.com/p/metastudio/
(Quick Update: as usual, found some last minute bugs after I uploaded the online update, so now the latest version is 2.0.01042009)