It will not work straight away, but can be fairly easily reprogrammed to work, as it also contains an FTDI chip.
The internal FTDI chip needs to be reprogrammed to use VCP drivers, which is the setting almost all FTDI devices use, but that cable type doesn't by default. If you changed the PID and VID to the AXE027 ones at the same time you could then also use the AXE027 drivers.