Very nice software.
The whole idea of booting from CF is for the ability to boot without warm up in Winter and to reduced consumption / size and (sometimes) boot time
Now, running this software is a good idea to avoid the size limitation of the CF but it would remove the advantage of cold boot since all your applications will be seating on the ICY Hard drive.
Anyway, i might give this a try in a week. Will post my finding
Thanks for sharing !!!