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I can't think of a cheaper and easier solution than a RAM disk for this particular application.
I'm trying to do a similar thing on the RPi to build a CCTV system. Live streams straight from RAM but to then use the hardware calculated motion vectors to trigger recording onto an SD card. Unfortunately I'm currently stuck trying to find a tool that can perform the HLS packaging of the segmented elementary streams the RPi camera can produce.
I've been utterly shocked at the state of many cars on the road here with no sills left and nothing but rust in other structurally essential parts of the car. I think the OPP can stop cars that they deem unsafe but there certainly is no annual safety inspection and the only required test is a bi-annual emissions check.
Is the failed device something you actually use? Do you want to go/ can you live without it for 3 months?
Save the cost of the extended warranty and just buy a better/newer replacement for immediate use on the extremely rare occasions where the warranties might actuallly be used.
I didn't purchase the warranty above myself and in fact I've only ever bought one which I was delighted with (even if I never use it). From a repair/refurbishment center for Sony they offered a 5 year extended warranty on my PS3, the $50 extended warranty also included 3 brand new games (from a choice of around 50, I took Drake3 and GoW3 plus something else) and a second brand new controller.
Most extended warranties suck and are just a very nice extra profit for the store, the only time I've ever personally seen one used the experience was so slow I would much rather not have had the warranty at all, I felt obliged to make use of it when it would have been better to just replace the device.
This was briefly mentioned earlier, but I wanted to state clearly and concisely:
Windows 7 Professional, Enterprise, and Ultimate all include licensing for Windows XP Mode, a 32-bit virtualized instance of Windows XP SP3. It is an additional download (actually a couple downloads), but it is free. I use it every day at work (on my 64-bit Win7 machine) to run a 16-bit app that was written in 1992, while I wait for that app's replacement to be written. It works perfectly, in fact much better than VirtualBox did for the same use case (there was laggy/odd redrawing issues with VirtualBox, no matter how many resources I allocated to the virtual machine).
I use XP mode almost daily but find VMware player to be much faster and a more pleaseant experience. I forget the exact steps but it was pretty simple to use the free XP mode download with VMware instead of the default in Win7.