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... it's kind of like dual booting a computer in a way.

You're right.Umm ... it's more like logging into two different profiles. Your HTC profile, and your Launcher Pro profile. Dual-booting refers to completely different operating systems, so I don't like the analogy. Perhaps I'm getting too nit-picky. Yea ... probably.![]()
You won't lose settings, however if you choose to use ADW or Launcherpro as your MAIN launcher then you'll want to set your HTC Sense launcher to clean slate to give as much free memory and resources for the alternative launchers.