Not quite as advanced as VCDS as that can adjust things like "guide me home lights" and the likes which I'm not sure is available on Renaults anyway.
What I mean by "advanced" is that any normal OBDII code reader will only be able to read engine management lights on OBDII complaint cars, i.e. Petrol after 2001, Diesel after 2004
The Autel one I have can do Renault cars from 1997, both Petrol and Diesel and also covers ABS, Transmission and Airbag systems.
You can also put other manufacturers software on it as well which I have but it comes pre-loaded with Renault, Peugeot and Citroen.
Link for more info -
http://www.gendan.co.uk/product_AUT70X.html