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I'm a fan too. Personally i don't like vanity plates for the most part, but this one is so subtle that to most it just looks like a random string of letters and numbers. To those in the know, however, it's awesome. If it wasn't already taken where i live i would definitely look into it.
I don't think anyone would really realize what it meant. Not even many GSF owners. I also don't think it is as catchy as VQ37HR or 2JZ. I like vanity plates but I feel like it makes you a target.
The one benefit of vanity plates is you don't have to memorize the plate for parking purposes. I always do a double take back to my car to see what my plate says.