Anyone have any experience with this technology?

http://www.paceap.com/technical.html

I guess its PACE. I thought that was cracked years ago?

"This "under the surface" technology is as large a part of the InterLok system as the many features already described here. We wish we could say more about it, but we can't. Trust us. It's in there, it's very good, and it works."

Why is it want to run the opposite direction when a vendor tells me to trust their protection...

After my nightmare with EXEcryptor
http://www.strongbit.com/execryptor.asp
Which stopped working and caused GPFs

I found an excellent product:
http://www.oreans.com/codevirtualizer.php

But my client wants a "dongle" based schema...