There was a serious bug in the database schema code for beta1, so if you installed it without having had Premium installed previously, the database tables would not be created correctly.
There's no easy way for us to fix it, as the error produces different results based on your database configuration. If you were affected by this, we recommend you backup all tables in your database named premium_* and uninstall the module and reinstall it afterwards, so you'll have a sane database layout.
First version of Premium Content, a fork/continuation of Premium, made because the development of Premium was stagnant and the maintainers of that project were not willing to improve it.
Improvements from the original Premium module include: