Interesting, I'd heard that it's dangerous, but have never used it personally.
The perception that nitrous is dangerous is mostly due to improper installations and predominantly people trying to use dry kits with very little tuning. Nitrous can actually be a really safe way to add power and very straightforward with a wet shot.
Dry shot kits = nitrous only, extra fuel needs to be supplied by car's existing fuel system (needs tuning)
Wet shot = nitrous + extra fuel goes in, requires little tuning and is pretty fool proof
You can run into issues if you engage nitrous at too low of an RPM or partial throttle, which is why a good setup would have a window switch for RPM as well as a microswitch or other trigger switch on the throttle. Most of the people who blow up their engines are idiots who installed a dry kit and tried to run it without tuning (I know some) or improperly sized the jets for their wet kit.
Most cars will take a 50-75 (hp) wet shot and not have any serious problems. You're usually limited by the connecting rods

The nice thing about nitrous systems is (for the most part) you can carry a lot of the parts over from car to car if you change vehicles, unlike other poweradders which are pretty much customized to that vehicle