I had the same bad experience as Pugwash and others below, and would categorize Hotspot as a FAKE VPN. Even though I had Hotspot Elite, I got both adware and email spam from Kaboomit, which is affiliated with Hotspot's developer AnchorFree. Hotspot also forces Elite members to sign in to their website in order to use the VPN, so there's no real privacy. Then, when you log out of your paid account, Hotspot automatically switches you to their free service and more adware instead of just closing the application. I literally had to uninstall the entire Hotspot app to get rid of the Hotspot window and adware on my desktop, since there was no way to click on the window to remove it ( Hotspot intentionally makes only the yellow "minus" icon work so you can't disable the window).
MacUpdate should reconsider selling this fake VPN, because even after finally removing Hotspot, the next time I opened my browser it was in Arabic with a strange IP address I never used before.