If anyone has cracked the Protege PCM this is the first I've heard of it.
Even if you could crack it, I doubt there are even rewritable parameters for setting open/closed loop operation. I think this is why Mazda allowed our cars to run closed loop under boost, because they simply couldn't change it without creating an entirely new unit.
Although someone claimed that their P5 tripped into open loop at full throttle at any RPM, but that seems hard to believe.
The install is strange, it is simply tapping into the OBDII lines permanently. You would do this to monitor signals on the bus and I suppose you could overwrite them, but I am not sure what good that would do since all the sensors go into the PCM directly and then the data is converted and sent out on the bus. I wouldn't think the PCM would convert it, send it out to the bus, and then re-read the data from the bus to look up timing and fuel trims.
The description makes it sound like it is actually modifying the tables, but again that makes no sense. I can't imagine the PCM reads the tables, puts the values out onto the bus, then reads them back in before sending the actual signals to the injectors and coils.
However, this seems like to much effort to put together to do absolutely nothing, so I am morbidly curious. If it wasn't $90, I'd be tempted to just power it up and connect it to an OBDII scanner and see what exactly it is doing.