Yes it has a capability but it depends what data you are looking for. It won't tell you what the valve clearance is on intake tappet 4.
The V-PRO effectively reads all the compatible sensors on the car and gives you a readout of their values when you have a laptop/computer with POWERWRITER software plugged in. There is also limited data logging it retains on a continuous cycle basis, i.e. like last 'X' time (it isn't days worth, its memory limited). Although with said laptop plugged in it can write to HD and give you say an hours worth of data.
Alternative is to get an HKS Camp which I think plugs into the Nissan data connector and can read out the same sensor data going to the V-PRO, bit like r34 MFD gives you a display.
DaveG