I have no personal need for this (no Bluetooth devices) so I'm unsure what is needed and what not. My intent was to do a condition like the existing WLAN/NFC where you could collect Bluetooth devices, so that the condition would trigger when the device is paired. But I've ran into trouble implementing even that, as I can't seem to get the information about when Bluetooth devices are paired with phone: http://talk.maemo.org/showthread.php?t=86870 So I'm currently unsure if I can implement this to ProfileMatic or not.
I think it continues just the same even if connected, but I'm going by memory here so I can be wrong.