No. Not at all... it sounds like a clever way of getting traffic stats from somebody else's forum... That has lots of possible uses, but may raise a number of liabilities by forcefully violating privacy policies of a website to gather CI/BI data.
It sounds like a neat trick to install analytics on someone else's webpages without their permission.
From the sound of it I don't think there is much SEO value or value in the traffic. But without knowing the details I can't know for sure.
My challenge to you would be to make some money with it. If it can't make money then you know its value.