I was asked to post something about the compatibility of the Graphical Timing Software with LabVIEW 8.5. This palette should work fine in LabVIEW 8.5. The nodes will be recompiled as you load them into 8.5 the first time and LabVIEW will ask you to save them when you close.
The next version of the palette, still a month or two away, will only work in LabVIEW 8.5
Well, there is at least one problem with using this palette in 8.5. You may get a dialog asking you to find GetEIOInfo.vi It is now at this location