I wanted to ask if JV Headline works fine in Joomla 1.7

I have used it in Joomla 1.5 and it worked fine but in Joomla 1.7 I can't seem to find the options after the installation of the module. When I open it there are no options on the right.

Is there something I must do so that 1.5 modules work well in 1.7 or by default they work properly?