Correct me if I'm wrong, but if I were actually to install this in my car, that car would no longer be street legal, right?
The car would likely still be street legal. (IANAL) However, allowing this system to take control of your car on a public road would not. Another way to say this is, there's nothing dangerous about the hardware. You could be using it as a logging platform for the data on the CAN bus in your car. But letting the software send commands and take control from a driver is a different story.
IAANAL, but I don't think even that is true. I think it actually is legal to allow it to take control of your car, provided you are still sitting in the driver's seat and can take control back at any time.