Product review (5 stars): Induction is the way to go if you live in a hot climate!
I don't understand why people haven't been really advertising one of the largest benefits of the induction stovetop - there is an AMAZING difference in the amount of heat produced in the kitchen!!!  I live in Houston and my husband cooks a lot.  He is very hot-natured.  What a difference this induction stovetop makes!  Electric and gas both cause so much extra heat in the kitchen that I have to believe that the induction stove will pay for itself by not heating up the kitchen.  I cannot stress enough the difference we feel.  My mother has a gas stove and her kitchen gets very uncomfortable in the summer when cooking.  We used to have electric and it caused a lot of heat as well.  We can cook for hours on the induction stovetop and it does not heat up the kitchen.

In addition to that, we simply love the way it cooks.  When you raise or lower the setting the change is instant.  It makes it so much easier to control the cooking.  We didn't have any problems adjust to the stove.  We were pretty nervous about doing something so different, and we simply regret not having done it a lot sooner.  Even though our Magnalite pots don't work on the stove, it was not a big deal to us.  The inexpensive, ferrous pots that we bought at Kohl's to replace them work beautifully.  Definitely no regrets.  Everybody in the south should own one of these - especially if you cook a lot.

Update one year later - We love this stove even more than when I wrote the initial review.  Some important notes -
** If you're worried about scratching it, put a papertowel or thin dishtowel under your pot when you cook.  We do this when we use our cast iron pots.  I know it sounds weird - but remember it's the pot that heats up - not the stovetop.  It truly works, and keeps your stovetop looking brand new.
** Works great if you work with melted chocolate. You don't need a double boiler because the lowest setting is mild enough to keep it melted.
**  Cleanup is a breeze because nothing gets cooked onto the stovetop, since the stovetop isn't getting so hot.

Update 05/03/2014 - Still no problems with this stove.  Still looks great.  So easy to clean as food does not cook on to it.  Still using cheap stainless pots we bought at Kohl's and still loving them.  We're so glad we weren't able to do a gas line, as that would have been miserable for the heat and cleaning compared to this.