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Is Lightstreamer Moderato 5.1.1 (build Colosseo) really free, even for production use and testing? And what about the third party's? What is the limitation of using this edition technically and overall? Will there be any changes to the licensing of this edition in the future?
Yes, it is.
You can read the full details in the agreement that you accept by downloading Lightstreamer Moderato: http://www.lightstreamer.com/distros...0Agreement.pdf
You can learn about the limitations of the Moderato edition in the product matrix: http://www.lightstreamer.com/products
For example, you get max 1 update per second for each subscribed item in the page; and you only get the JavaScript client library (anche the Flash bridge, if needed).