Mach3 R3.043.062 with driver installed well in Windows 7 32 bit. (And it honors the Rotational Soft Limits checkbox and Soft Limits). This is the same "hardware" (VMware), as for Windows 8 32 bit. Without parallel port. I applied the vista patch beforehand.
On Windows 8 32bit, the driver causes "Windows runs into a problem" (or similar, message disappears quickly) and Windows does a Restore operation. When I allowed unsigned drivers (five steps from the Charms Bar), it does show the message at the next boot after installation. When I did not allow unsigned drivers, the message shows at the parallel port step during Mach3 install. I extracted the driver from Windows 7 and installed it manually on Windows 8, but with the same failure. We have to wait for a patch to arrive.
For my sample rotational piece, found in the internet, the 4th axis limits on page 4 "Tool Path" are -169200 and +16, meaning 470 turns. It is viable to enter large positive and negative soft limits, and knowing, how many turns are to be expected, e.g. (36500000;-36500000) for hundred thousand turns. In Mach3 R3.043.062 the maximum liimit values are even +/-1 with 17 zeroes, but in earlier versions it was lower.
It is manageable, and I'm grateful to Hood for relating it to the driver installation.