From what I've read and heard:
The batterys do weigh a lot and thus the savings are not brilliant MPG wise, the idea is if you drive around London at 5mph all day you will use such little petrol.
I'm lead the believe it is actually very harmful to produce loads of these batterys - although your car doesn't give out all the co2 it's much worse with all the work that goes into creating the batterys.
The systems so far have no had any major problems but they've not been tested over massive mileage and tens of years, Honda has the first one out about 10 years ago didn't they.
All just what I've heard - no idea what's true or not.