I think the D&D system is just part of the linked page, Andy is talking about the ferplast system in particular I think.
I would say as far as budget systems go its pretty good, the diffuser is better than most because with it using a powerhead its going to dissipate CO2 into your water column, better than a standard spiral or ladder diffuser but the drawbacks are of course the appearance and size of it. You could put it on a timer so it is only really effectively putting CO2 into the water column when the lights are on, when the power is off the CO2 bubbles are simply released straight to the surface, giving you a kind of pressurised solenoid principle but not as good.
I have never used one myself but I've read and researched quite a lot about it, if I were using DIY CO2 I would probably get one as the Ferplast stuff is really good anyway. Go for it is my advice, but I would really consider getting a pressurised CO2 system such as the D&D one on that page, I use this myself and have found it to be excellent for the price, especially as it already includes a solenoid.