Practicality:
- NO2 will inhibit bacterial growth
- It's really expensive
- It is extremely flammable, so you'llYou'll have to worry about ventilation.
- Storing aEDIT: I was incorrect in my statement saying that NO2 is extremely flammable gas. Thank you for the correction, Brandon! But the fact remains that a static discharge can cause a violent decomposition of the molecule when under pressure. And a static discharge will be more likely in a non-certified container (your keg) could be risky. You may have to worry about static electric build up and whatnot.Source
Legality:
Via my grandfather who is a dentist: Nitrous oxide is legal to own under federal law, but state law varies like Brandon mentioned above. Recreational use is most likely a misdemeanor. I'm not sure if the bubbles in the beer being ingested would constitute recreational use. Like you said, they use it in whipped cream all the time.