Not really. Its website today is the same as when I used it 15 years ago; it still touts its number one selling point as the fact that it's a "BDE replacement".
This db has "SQL 92 compatibility" in 2021. It has no window functions, common table expressions or other modern SQL features that you can get in something like SQLite (and once you use those, you never want to go back!). Its interface is the old TDataset style , e.g. https://www.componentace.com/help/absdb_manual/usingparametersinqueries.htm or even worse https://www.componentace.com/help/absdb_manual/addingnewrecords.htm.
I'm not sure it's added anything since I last used it in 2005. Their news page seems to suggest I'm right:
https://www.componentace.com/info/news.php
Major update in 2008, one new feature added by 2010. Supposedly a major update in 2012 but it doesn't list any changes and there's no changelog or version history because, again, it's like it's still 1999 on the website. Every Absolute Database update seems to be a "minor upgrade". The fact that it still supports Delphi 4 suggests it doesn't incorporate any modern (or not-so-modern) Delphi features either. They also have three articles about why you'd want to replace the BDE with this, suggesting they haven't updated their marketing since circa 1999.
Seriously, here's a web archive snapshot from 2005 and you can see nothing's changed:
https://web.archive.org/web/20050807080939/https://www.componentace.com/
I know this community tends to fetishize proprietary software, but seriously this is an obscure db whose reason for existence was to replace the Borland Database Engine, which is long gone. There's no reason for it to exist today and you're not going to get anything for your $299 (software + source code) that you can't get for free, except perhaps grey hair from having to wait so long to finish your queries.
EDIT: Good lord, under support they still list a FAX number and "ComponentAce is a Borland and CodeGear Technology Partner".