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First of all, it only modifies damping rates, it does not control release rates, IIRC. Also, it does not modify spring rates, only the shock absorbers. The spring rates, in combination with the damping factors, are really what gives that "European Ride" so I dont see how the shocks alone are going to help too much.
You also have to consider that suspension geometry, car weight distrobution, torque to the wheels, etc all affect handling to a great degree, and there is no one single fix that will dramatically change a cars dynamics on the fly.
Its a good innovation, but the rest of it needs to be there before we get to your idealogical car utopia, footie.
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