It's legal, according to the BATFE.
However, in my opinion, such mechanisms are useless from a practical standpoint, and dangerous enough that if a company actually set out to manufacture and sell a trigger pack with that functionality, they would be sued out of existence the first time someone had a release-trigger ND, as it would be rather easy to demonstrate that the design is inherently unsafe.
Big uber-thread here, with a letter from the BATFE that someone posted:
http://www.thehighroad.org/showthread.php?t=62411
I suppose the primary rationale for it would be to slightly reduce your split times when firing hammers on close-range targets in a defensive situation. But to me, the drawbacks outweigh any advantages, and I'm not even considering the civil liability issues in a defensive shooting (egads). The problem as I see it, as I pointed out in the other thread, is that it commits you to a second shot after the first shot is fired; there is no way to safely stop halfway into the pair.
That's a problem because if you are shooting at any distance other than pretty close range, the second shot will be an automatic miss if you release the trigger immediately, and the requirement to immediately let the second round fly would prevent you from having a decent follow-through (thereby making your first shot worse, as well). But, if you hold the second shot to speed up your transitions, then you open up the whole "uh-oh, now what do I do with it can of worms if the situation suddenly changes from "shoot" to "no shoot". It's something of a catch-22.
IMHO, a mod that screws up your long-range shooting, slows down your target-to-target transitions (by adding a second recoil pulse, and requiring the gun to hang onto each target for the second shot), and is only faster than a conventional "hammer" by a small fraction of a second if you do need to shoot twice, isn't something I'd want on any of my guns, even if somebody paid me to let them install it.
The letter from the BATFE, FWIW: