Hi Lolo,
I would not say that using DisplayLink or other non OpenGL accelerated screens is dangerous! But depending on your needs it can have compatibility problems and performance can become an issue.
We haven't tried Modul8 so I can't really comment on the specific application, but if you are looking for smooth 60 frames a second 3D or video playback I have to say we're not there yet, especially not on Lion.
But we're working on that!
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