Though I don't have nearly as much experience as Don, I will put in my 2 cents worth... When I hear the term "Inteseeding" I think of planting a cool season grass seed deep enough into a cool season canopy to make seed to soil contact in a mostly futile attempt to establish a different strain of grass without killing the existing surface. When I think of "overseeding", (regardless of the method used) I think about planting a cool season grass seed onto an existing warm season canopy, not expecting to make seed to soil contact, but rather to grow the overseed in the thatch layer of the Bermuda and maybe get some roots into the soil in order for the overseed to die when the weather is favorable for Bermuda growth.
With regard to transition periods, I overseed greens without interrupting play, it takes me two days, but we don't lose any rounds. In the Spring, transition can be nasty and lengthy, or you can take the overseed out chemically in a much shorter period and get the Bermuda going again. It is ugly for a little while, but certainly not unplayable.
Steve