SPF I don't know that anyone was "hating" on you about this, but you have to realise there's no "magic bullet" to do what you want with no downside. With any belt driven supercharger, if you adjust the drive ratio to get lots of boost down low, then use a device like this to blow off the excess boost up top, there are a couple of things you have to realise:
1) Most PD superchargers have an upper RPM limit of 13,000 to 14,000 RPM. If you setup your drive system so you have an engine/SC drive ratio of greater than 2:1 to get all that lovely boost down low, and you decide to go past 7K RPM with your engine, then you run the risk of wrecking your SC by overspeeding it.
2) The next mistake would be getting a bigger SC than you need and just spinning it slower, and bleeding the excess boost off up top. By doing this, you're consuming more power (with the bigger SC) to make the same amount of boost that a smaller SC would consume, so you may net less to the rear wheels anyway.
The fundamental problem I see with this Boost Limiter valve is that it wastes energy the SC has already taken from your crankshaft, because it's bleeding it off to the atmosphere.
A better design IMO, would be an adjustable bypass valve that would partially unload the SC above a certain boost pressure. These types of valves are often called "unloader" valves for air compressors or "recycle" valves for big gas compressors, because they can regulate the output of pumps and compressors without wasting as much energy as a bleeder valve.
I'm going to try to limit/regulate my topend boost by using the standard bypass valve on my SC setup. Once we get the engine internals all sorted out, and it's making the power it should, then we'll start looking at ways to do this, and other things.