These are basicaly the next step up from Halogen lights.
They burn a lot brighter and put out a braoder specrum of light.
The draw back is, they need a very powerful 'starter' to get them going. Once they are lit, they cont draw as much current. Same as a Fluresent. But, your Flurecents starter is around $10, the "Balast" for a MH is between $100 and $400 depending on the flavour.
They are used in labs and research places to grow plants, botany primerily because they produce a strong, wide spectrum light that gives phtosynthasis the kick it needs to happen more efficiently.
The problem is, the gas and metals involved in their contruction are a little less abundant than those used in ither light, and consiquently make the bulbs a darn sight more exspensive.