Zag,
Please don't get all these newbs panties in a wad. LOL
Luckyyou.
Warden scans active processes on your computer. Legally, that is all it CAN scan. Their theory is that they need to know exactly what is running in the memory space that World of Warcraft uses when running, for troubleshooting and active hacking reasons.
Logic would dictate, if you had Innerspace running, and a Blizzard launcher version of WoW running, that would be a VERY bad thing. The Warden running in the unprotected instance of WoW would actively scan your running processes, and see Innerspace running.
* So having Innerspace installed on your PC, is entirely safe.
* Running WoW on its own while having Innerspace INSTALLED is safe.
* Running WoW from WITHIN Innerspace is safe.
* Running WoW on its own, while having Innerspace running (I.e in your system tray) is NOT SAFE.