No. Matalot currently does not sync with any other service, including iCal and Outlook. We're aware of the need for syncing services and are actively working on it.
If you use an iPhone or an iPod Touch, you should always back up your data using iTunes. For more information on how to do this check out this page.
As the name implies, Matalot Lite is a lightweight version of Matalot. The lite version is capable for everything the full version can do, but supports up to 5 uncompleted tasks at once. The full version of Matalot supports unlimited number of uncompleted tasks.
Due to Apple's restrictions on App Store applications, Matalot currently does not provide alarms of any kind. That being said, we are aware of the need and are working on providing alarms using Push Notifications.
Currently Matalot makes no usage of Push Notifications, but we are working on delivering alarms using the technology.