Installed, and it works great.
This is a revolutionary hack for vB. I am quite sure future versions will incorporate this with it.

Search is faster, posting is slightly faster (since we don't have to add to the searchindex and word tables)... 250 members online at once with no problems so far (I shall wait for my peak times) ...
As for the page and highlight errors - they don't apply to me since I don't use highlights as all my search result pages are parsed into a non-dynamic format like this:
http://www.yourdomain.com/search/137498-2.html
And it works great with this hack.
Thanks for this one.