After I posted, I was using the mc for a while with the remote. Almost all functions were working correctly, such as back a page, forward, choosing files, play, pause etc...
If it's any concern, I'm using driver 184.108.40.206 dated 11/30/2006 from ATI.
To get it on your system, install the 3-04_rw_enu driver package for XP from ATI's site, then let Windows Update apply the newer driver for it after. This works for XP, Vista, 7 and maybe others.
Do not ever install the Jungo update from Windows Update. That will make the remote useless and after trying on and off for a long time, I've found no way to fix it.
Here are the functions that are available to me for mc, taken from my Windows 7 x86 7068: