Pros: Saves money
We have a GE hybrid water heater for several months now. We are running it in hybrid mode and have a family of 6 people. Here's my observations:
*dropped my electric bill about $35/mo.
*it takes about a quart of water a day out of my basement which means the dehumidifier doesn't have to run as much.
* it cools our basement which is good since we have canned goods down there.