This runs fully alongside the Host OS, from what I can see.
Say there's a tool that doesn't have a Windows version, like Facebook Flow didn't have - you can just install the necessary packages and run the linux app on your project folder - plenty of dev tools are built on top of *nix and Windows is a second class citizen in OSS - this solves that problem nicely. Or you can use linux GCC/clang to build the linux binaries on Windows and not muck around with cross compiling.
No one is taking away your VM, don't worry.
This should provide way better latency than my VM tho, right?
(Full disclosure: no relation to product, user only)
Oh, that brings up some fond memories. During my training, I would use CoLinux to run Debian on my Windows XP desktop. Good times... ;-)