Cable Matters Ultra Low Latency USB Video Game Capture Card up to 1080P 60FPS for Game Streaming and Recording

Will this usb 3.0 device work with usb 2.0 ports? and if so, can it still handle 1080p @ 60fps?

Does this device get hot, to the point that the heat may overload/break the unit? I read capture cards can get this hot. (If so, would a fan help?)

Does the software allow you to modify the output signal at all? as in colors, sharpness, hue, saturation? if so, a screenshot would be nice. thanks!

How many milliseconds of delay is there? I want a video comparison