It works perfwcly well nown though some grass variation would be nice. As for a light version, just select a lower percentage in MGE - one of the more recent versions.
Modified grass meshes can be found here. http://morrgraphext.wiki.sourceforge.net/Downloads
Instructions:(edit: you can get modified grass meshes from here too.) http://www.gamesas.com/bgsforums/index.php?s=&showtopic=880254&view=findpost&p=12905117
Edit2: Wiki has the instructions too. Downloads to instructions needs a link. http://morrgraphext.wiki.sourceforge.net/Creating+Distant+Land