AVR ISP Dongle

Can i use this circuit below as an ISP for burning boot-loaders into the ATmega IC of the Arduino.
Found this circuit in a magazine and says it can be used as an AVR ISP Dondle. Also what interfacing IDE should i use to burn the boot-loader if it can be used. This circuit does not have a FTDI chip as on other ISPs

Do yourself a favor, spend $13 and get one with confirmed support:



+1, not even worth thinking about building your own, especially off a parallel port.