The blower has a bypass valve fitted in the inlet to the blower which is controlled via vacuum/boost from under the blower. Under normal driving conditions there is a vacuum in the LIM (lower intake manifold) and this keeps the bypass valve open. If you give it a boot full or a very sharp movement of the throttle than the vacuum in the LIM will drop to 0 (like it does in a n/a car) this takes the vacuum away from the bypass valve which closes and then allows the blower to create positive pressure in the LIM.
The boost bypass solenoid is fitted into the vacuum line between the bottom of the blower and the bypass valve actuator and this allows the PCM to control the amount of vacuum applied bypass valve actuator and under certain conditions (like when things are getting way to hot) it limits boost by keeping the bypass valve open. During normal day to day driving the boost bypass solenoid doesn't do anything and the engine power (vacuum/boost) is controlled by movement of the throttle.
How rapidly the boost bypass valve opens and closes can be adjusted by the length of the vacuum hose attached to the boost bypass valve actuator. With no vacuum hose attached it's very responsive