Luis, at least 5 others that I know of have been able to compile the project successfully. Just make sure you have VS 2005 and set up environment variables and install my VCBuildHook utility as described on my web site, and it should compile without any problems. Actually understanding the code architecture (such as it is) isn't so simple, but it's not rocket science either.
Sometime later this year I will make more of an effort to define the project architecture, and create some kind of tutorial to get newbies acquainted with the code. Until then, just dive in, the water's fine.