From what I can make out from their forum, one of its objectives is to prevent site scrappers from using the site (using up their bandwidth?). I do not know if the VEEHD script is considered a site scrapper. We will have to ask or wait for Guitaroomasta or Jeromy to reply?
The VEEHD forum also states that the plugin is not required if you have an account and stay logged in. I can not see how I would use more bandwidth by going through the script than I would If I had my Laptop hooked up directly to my TV and using the VEEHD site.