Yes, we're using it, and aside from a few minor quirks (which I can't even remember right now), it is working great! I don't know if it helped server loads or not (we had to do several changes at once to get us out of our overloads), but it returns searches much faster than using vB's own built-in search.
I still with vB would develop something official for this. The built-in searching (using vB or fulltext) is just too hard on the server resources...
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