I am not planning to create any more VMs in near future. Therefore i dont need the “create” feature. I find it very difficult to see the differences between the 2 versions. A feature matrix would be a good thing!
Perhaps a nifty graph/table is in our future 
However, the idea that spawned Cloudmin in the first place is the idea that, with the upswing of VPS’s and cloud-based services (ie, EC2), people may want an automated way to provision and manage those.
What if you’re running a VPS service, using something like Xen. A new customer calls you up, and says “Hey, I’d like a Xen VPS with 512MB of RAM”.
If you have Cloudmin, you’d say "No problem, hang on while I click the ‘Create new 512MB Xen VPS button’ 
Going a step further, there’s billing/provisioning software such as WHMCS (available at http://whmcs.com) that would allow customers to go to a website, purchase a 512MB VPS plan, and it would use Cloudmin’s API to setup and provision that VPS for your customer. You’d never have to get involved!
That’s neat and all, but if you aren’t looking to use VPS’s at this point, that may not do much for you 
The Cloudmin for Physical Systems aims to make life simpler for someone with N existing servers, who’s tired of having to log into N different boxes to manage things. It provides a single place where you can go to in order to manage all your machines.
For example, you could log in there, and have it upgrade all the packages on all your servers. Maybe you want to upload a file to one or more servers. Or run a command on all your servers.
Cloudmin for Physical Servers will do all that for you. And one day, if you decide to get into the realm of VPS’s, maybe the Cloudmin version for Virtual Systems will be more useful to you 
Tthere’s a 45 day return policy, so if you’re unhappy with it, or it simply doesn’t do what you need, just file a Support request (using the Support link above) and ask for a refund.
Of course, if you think it’s a solvable problem, you might first consider filing a feature request to ask for the futures you need 
-Eric