Volkswagen revised this part due to failing diaphragms inside the valve. Failed valves often cause driveability symptoms, including rough idle and reduced power due to boost losses. A failed valve may also cause engine oil leaks, and may result in vehicle emissions test failures.
The part itself acts as a PCV valve providing a one way exit for gasses built up in the crank case. When this ruptures it basically acts as a vacuum leak only less noticeable.
Note: Latest revision from Volkswagen, factory part.