vbtags - what do you think?

I am curious what you all think of the logic behind this mod:
Thread submission mod : VBtags.com : Get major backlinks!! - vBulletin.org Forum

I was thinking of installing it. Do you think it's safe or will I get penalized by search engines?

TIA...

The links are redirected so it offers no SEO value

Is there a penalty though?

Wouldn't this bring traffic if people click on the links on his site?

Yea it will bring traffic but honestly I don't see how that site will send any traffic. It's no digg.

I think this will turn into a great idea!

I have no interest in putting my site's threads into something redirected like this.

Why's that? It doesn't help you with the other search engines but it should help your forum's search ability so your members wouldn't keep on ranting "OMFG i didn't knew about this thread that exists" or "where can i find this and that" you know.

Hey i was just googling my site and found this..

Thanks for considering it anyway!
Its mine and i work on advertising it everyday!
I know its no digg but hey you gotta start somewhere
Regards

Good luck Gurilla! It's a cool idea.