I think it uses the MVCI driver yes. The traffic light connector is green in the HDS software. I cant any info from the car with the cable unfortunately. I contacted the supplier and he said I should try on another car because the model might not be compatible.
A few things to check...
When installing the software, you have to select USA as the region, or it won't work properly. To start HDS up, use the 'StartHDS' link, it will take quite a while to start up first time. You then have to then change region to Europe in settings,. You should then be able to connect to the car, and it should ask you for VIN and mileage reading. Do you get that far?
If for any reason you need to uninstall and re-install the software, uninstall as normal, then make sure you delete the 'Teledyne' folder from c:/Program Files/ before going any further.
You should be able to get this working on your Jazz, though the software can be a bit temperamental. If all the software and hardware is working correctly, you should be able to connect to the PGM-FI engine and EPS modules without the mod. Making the simple modification should enable you to connect to ABS and SRS, but I would prove that it is basically working before fiddling with the cable.
I'll PM you about the modification. I could post it on here but it is used entirely at your own risk, and I don't want to be slated for posting something that damaged someone's interface, or indeed car.
edit: I can't send you a PM, it says you can't receive messages.