Well, it does install. The menu items are really hidden. To find them, I had to install it on a non-kickstart2 site.
Link to configure the module: admin/commerce/config/commerce_bpc
Link to bulk add products: admin/commerce/products/add-bulk
Note, you will need "bpc_taxonomy" (which comes with bpc) to be enabled to use it on a vanilla Kickstart 2.
Once I got it installed and found the creation link, I tried to bulk add drinks all colors.
/admin/commerce/products/add-bulk/drinks
I was able to generate 13 products, but the "display node" option failed to bring in any available node types.
So, the answer is: Commerce Bulk Product Creation supports Commerce Kickstart 2 for creating products, but likely has some bugs in regards to creating node displays. Still, this could easily save someone hundreds of hours.
Josh