the conductor doesn't change the outputs of the EtherDongle, it mearly replaces the computer, and sits on the etherdongle.
the etherdongle sends out pixelnet (with the pix firmware), or dmx, (with the dmx firmware),
if you're running pixelnet, then you need a active hub to get dmx (just like always)
the conductor just holds your show on a memory card, and sends the signals to the etherdongle. the etherdongle does all the communications to the rest of your show, just like always.