Depending on how good they are, they're awsome.
I just replaced all my vacuum and coolant lines with high-temp silicone. Replaced all my fuel, hydraulic, and brake lines with new rubber also. 1992.5 - 2004 and a lot of them were starting to split around the edges.
The trick to silicone tubing is not using thin walled silicone when you shouldn't... Always use the thicker walled. The simple fact is that silicone bends 500 times better, but because of that, it will collapse if there is too much vacuum in the line.
A during shot of the new hoses.