Actually now that I've used it more, I've found that full motion video does look crappy at higher then 480. But in SD it works great.
The reason I had to use it was the only way I could quickly figure to trigger Quartz Composer to Run was to use a program that converts midi to keystrokes (MidiStroke) and send a Command R but for that to work the Viewer had to be on top and therefore modul8 (I assumed but never tested) couldn't be in full screen on the main desktop, so therefore for my 2nd screen (the plasma not the rear projection) was coming from the DisplayLink.
Bear's Looptastic Spectacular - World Premiere:
http://www.youtube.com/watch?v=iNmjmSrrLUI