Well, theres no risk, it just removes this warning if it shouldn't be there (there are 3 vars it checks other than just suhosin being enabled), and introduces a statistics page which will show you recommendations, current values, and default settings.
All of the values being used for the check are provided by
PHPMyAdmin's documentation.
The updated checker is
here, please report any findings (keep in mind, I've been using dummy data thus far, this version pulls all live data).
