If the electronic MH ballasts are similar to electronic VHO ballasts then they will produce much less heat, weigh less, and typically take up less space. Like you pointed out, the electricity cost savings alone wouldn't make it worth it, but together with the other benefits I think they're worth it. My duel PFO ballast is great but I sure wish it was electronic...
Also, I believe that they will fire both single and double ended bulbs (I may be incorrect on that though).
Edited by Flaz