CPU usage is around 1% additional at 720P on static screens like outlook. Video takes a larger hit at around 3% using mplayerX playing a full 1080P bluray rip around 30 gigs.
In my experience, this actually seems like less thank the displaylink process. I think airplay uses GPU acceleration to encode the video it sends so it doesn't need to use much CPU. One quirk I did notice was quickly switching displays with mplayerX several times fast causes it to stutter and requires a restart of the movie. This is all on a i7 2.3Ghz mini.
So far so good! Tempted to buy 2 1080P IPS displays and a apple TV 3.
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