I've used a similar style fitting up to 130psi although the one that I use is most like the fitting that you'll find on the Swiftech block and it is usually with a stiffer tubing. The only problem I've had after using a couple thousand of them was with the oring, that creates the seal, becoming deformed and that can cause leakage. With the softer tubing that is being used for most of these systems that may not be a problem and it's too soon to tell. It is also something that develops over an extended period of time and the orings are usually simple to replace.
As for releasing it. In the link above you will see the blue collet. The collet holds the tubing in place. When the tubing is in the fitting you can think of the collet as a button. Push in the button and you can pull the tubing out with little difficulty. They are very nice for quick connect/disconnect and it's easier to appreciate when you have to do it many times/day.