It looks like a lot of you are thinking like I am.....
No, that's very good. The only change I would add is that instead of a blow off valve, the stock system on most cars, including the WRX, is a bypass that feeds back into the intake. This really isn't a valve from what I understand. It simply operates off of pressure differential. So when this pressure builds in front of the throttle body, this pressure is passed back in front of the turbo.
And wastegates can be internal or external. Our turbo, and most replacements, are internal. Some larger boost setups will use an external wastegate to do the same job and they will wire the internal wastegate shut. External wastegates are larger, allowing more pressure to flow by the turbine.
There are some discussions on nasioc I'll probably copy over some time...but for now it's off to bed with the fiance! :wink: