Thanks for the reports of your experiences with Caulerpa, schlecht13. It is good to hear other perspectives and other sides of the story.
Funny thing, with all my anti-caulerpa-ism.... I got home last Friday and was checking out my 20g tank. Well, whatdoyaknow, I have some strange new macroalgae growing in it. Tank has been setup for 8 months or so and I've never seen this before.
It is dangling sort of runner stems across the tank about 3 inches, and have branches coming up from the main stems every little bit. At the tip of those branches are little flat discs. The main stems and branches are, at this point, no more then a good 1/16 to 1/8 inch (max) diameter. The short branches are about 3/8 inch long. And the little discs are about 1/8 inch in diameter.
Of course, I assume all of the above dimensions will increase as the algae grows. And, last point of description, the thing is a medium to pale green in color.
I am not sure what it is, even though I have checked my (very exhaustive) marine plants book. I suspect it may be some variety of caulerpa, but am not sure. I will definately get a picture next weekend and post it for a hopeful ID.