Anything that can bring colder air into the engine is worth it. How much to expect? I dunno might feel an increase in throttle response and better gas mileage.
I did a cowl induction on my XJ cost about $75 including the K&N filter in the factory airbox. It made a difference altough it took a few days before the computer learned, and adjusted to the more/cooler air. The thing that really woke it up was the Flowmaster 40 mufler on the stock pipe.