Hi,
Yes, VMK Pal comes with a feature that lets you take pictures of the screen with a click of a button, and has a photo album where they are stored. If you click on the photo album, you can view your picture, crop it if needed, and save it to your files.
VMK Pal also has other tools. There's a button where you can store codes, and another button where you can store links. There is also a "Help Talk" button, where you can save words or phrases so that the next time you want to say that word or phrase in game, you can just press the ALT button plus a number and it will type it in the chat box for you. This only works every 4 seconds so that someone can't flood the chat screen. There's also a calendar button, where you can see the host events for the day and what time they are at (you can adjust VMKPal to match your time zone). Another tool is the magnifier. If you click this button, you will the area your cursor is over magified.
PS: Without VMKPal, you can still take pics of the screen, you just have to press the print screen button on your keyboard and then paste into another program such as Paint.