* Void your warranty (if any remains).
* Be incredibly dangerous. The S10 was not designed for speeds significantly above its limiter. The tires, suspension, brakes, and other components aren't rated for those higher speeds, increasing your risk of an accident.
* Potentially be illegal. Modifying your vehicle to exceed speed limits could have legal ramifications depending on your location.
Instead of trying to remove the limiter, focus on improving other aspects of your driving experience that will enhance performance within safe and legal limits. Consider things like:
* Proper tire pressure and maintenance: This will significantly improve handling and fuel economy.
* Suspension upgrades: Improving the suspension will give you better control at legal speeds.
* Engine tuning (within reason and legally): A professional tune can improve performance, but this should always be done within safe parameters and by a qualified mechanic.
Trying to bypass the speed limiter is simply not worth the risks involved. Enjoy the vehicle within its designed operational parameters.