It's a highly optimized and extremely simple yet robust implementation of it, sure. Is that reason to dismiss it?

Consider Vite's node-side HMR implementation. It creates its own module system on top of Node's native module system, using `node:vm`. So its modules are really second class citizens that have to be glued to the native module system.

This library used to do that, but moved to using Node's native module hooks, so that there's nothing magical going on, and you can still use the `import` expression to import your HMR modules, they just auto-update when saving.