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Just simple question: Can I use this engine and create whatever I like? I will never sell anything though it's just for fun.

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No, not anything. There are some features that are not implemented yet, like multiplayer, a complete physics system( It has physics, but is not complete yet ).

For the next ( will come until the end of this month ) update (v1.5), this is what will come:
* terrain editing in world editor with some filters like erosion and Thermal weathering, and a vegetation system.
* some scripting change(file write and read;for loop; else, switch case; etc). They are improving the script.
* new culling and compiling. I love this new feature. Will be a big surprise.
* new shaders(motion blur, water refraction, reflection, heat distortion, etc)

Motion Blur: