I revised the subject of your post because the feature does work.
The delete button was removed until we decide how best to handle removing a property. We want to provide a couple options for removing properties and will do so in the next feature release. In the meantime, just mark them as hidden or figure out what you want for properties before you create them

Lists will work once you create a list for it to use. Go to http://portallists.codeplex.com and get the module so you manage portal specific lists.
I can't reproduce the issue you are having with reordering, but sounds like you have workaround already.