said by andyross:
Basically, what does IE View do that IE View Lite doesn't?
Only the adware.
Apparently 1.5.5 added this adware. 1.5.1 does not have it.
The original author of IE View (Paul Roub) does not own/support it anymore, but mentions that IE View Lite is based on the (open) source. IE View Lite does not have the adware.