JohnsonSBK,
That isn't a "new" fish disease treatment, just a different application of one that has been around for long enough to get EPA approval (Hydrogen peroxide). I'm not sure that the peracetic acid component has gotten approval for use in food fishes. The use of various oxidants to control fish diseases have been examined many time before - ozone, peroxides, bleaches, KMNO4, etc.etc. They all have two drawbacks: 1) There is often a very slight difference between the dose needed to treat the disease and the dose that will kill the fish (which is why these techniques are often only used on fish eggs, or in bare systems). 2) The available oxidant is always dependant of the organic loading of the system that "scavenges" the oxidant. So - tanks with higher bio-loading will require higher doses - and vice versa, so the dose is always a moving target.
That said - this product was one of the few that I've seen lately that will actually list its ingredients!
JHemdal