Some of you are suffering the same fate a few of us did with the sleep issue in terms of needing to restart the driver. The latest b3 driver has all but eliminated that issue for me (just minor, infrequent issues). You can use keyboard shortcuts via third-party apps or the active/hot corners with expose. The former can run custom commands (like scripts to restart the driver/server). The latter can put the display to sleep (which can also be done with the former).
I use BetterTouchTool with keyboard shortcuts to either sleep my display or run commands to stop/restart displaylink driver+server. I don't think a popup is good for doing this. I used sleepwatcher to automatically do that when the MBP slept and woke.
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