My coworker has this on his Smart fortwo car. He likes it, as it does make it "feel" more responsive. It does not, however, give the car any more power or change the overall gas mileage.
From our experiments, all it seems to do is "boost" or "remap" the throttle position curve, thereby making smaller movements in the pedal equate to larger movements in the throttle position (kind of like changing the mouse movement profile on your computer from slow to faster). This also, in turn, tricks the car into thinking you drive more aggressively and keeps the car in a particular gear longer than it normally would.
I don't know for sure, but what I described seems to be what's happening. . .
He likes it a lot. But then again, I always though, what if you just drove more with a lead foot? Wouldn't that be the same?