Yes, it uses less or almost nothing of Logics recources.
The latency thing: Yes, you have latency. This depends on your PC or Mac.
I have a PC with a 4 Core CPU. Working with my Virus in USB Mode I have a latency of 8-10 ms. This is really OK. The Virus has lateny compensation. This means that the Virus and everything else like the softsynths in Logic and your Audio tracks for example are always running synchronized. I tested it the last days, because I got my new Virus TI2 Keyboard (Whiteout Edition) last Friday and it works well yet.
I'll stay today in this forum, so you can ask me today everything you wanna know.
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