Update:
Received my OBD2 adaptor today and tried it out just now. It works!!
Only had a few minutes of play with it but seems to work a treat with Torque Pro. Fault codes, live data and more available on your phone! All for just over $40. Well worth it IMO.
Available live data:
So far so good. I will update with pros and cons in the coming days.
How did you go xeon8, vkrules?