So the answer is no, you can't view that additional level of detail (currently). We'll have to work something out for 10 meter DEMs.
I should also mention a few other points. First, this release should be considered more of an alpha than a beta. There are still many things we need to add/fix before it would be up to beta.
For starters, when the program loads it enumerates all available DEM files. When elevation data from one of them is needed, the DEM is loaded into memory. At the present time, DEMs are never removed from memory, so you could potentially eat all your memory that way (I'm not sure how much each one takes up in memory, probably on the order of 1MB). We will need to add a cache of some sort.
Secondly, as you'll notice, there's no configuration dialog for 3d! For now, you're stuck with our defaults.
Also, we will soon add further integration of DEM data into other parts of TopoFusion. Some examples: 1) get the elevation at any given point on the screen (right now, you must be in 3d mode), 2) add DEM elevation to a track, 3) compare DEM and track profiles.