From what I read of the whole thread (8 stinking pages of it mind you), it's basically just to spool the turbo up, then cuts out after it's spooled nicely, although from what some of the people on there were speculating that the turbo spools at 6000rpm (Considering the redline on EVO's, that's pretty damn late and just top end power)
The setup has been done before by people, and it has worked out after all the hassles have been ironed out, but I'm still waiting to see if it actually keys in okay, else kaboom! (Nice to know he's getting the gearbox made here, god knows why)
I guess that without the supercharger, you'd be there for ages waiting for spool, and when it does, you've got to shift, thus having a massive lag without having the cubic inches of block size and capacity to back it up, as if it was a V6 or a V8, you wouldn't need the supercharger as much, the engine would produce enough exhaust to spool it early.
The one thing they'd definately have a problem with, is if they tuned it for the thin air there, then raced at sea level without a retune... That'd increase the risk of blowing the thing apart dramatically, as it'd be doing too much cfm and psi to handle... In theory