It absolutely does. It has worked with Growl 1.1.x since December of 2007, I compiled against 1.1.4 source code, and I just tested it out on 1.1.4 to make sure.
Here is a picture of it in action:

- Photo of GrowLCDproc in action
- 100_4490.jpg (154.46 KiB) Viewed 2204 times
