Wei_Dai comments on Shock Level 5: Big Worlds and Modal Realism - Less Wrong
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Modal realism by itself seems no more shocking than superintelligence and the Singularity (i.e., SL4):
The two ideas put together might have consequences more shocking than either of them alone, but since those are still highly speculative it's probably too early to declare a shock level 5.
Agreed. I didn't find modal realism terribly shocking, and I learned of it / semi-independently figured out my own version of it before I had heard of much >SL2 stuff.
Then again, I seem to have gone straight from SL1 to SL4, with no discomfort. Maybe I'm just hard to shock? Even so, putting myself in the shoes of someone who needs to gradually move up through the shock levels, I don't think modal realism would be higher than the Singularity; at most I'd put it alongside it at SL4.