There has been increased intrest in induction lighting due to to its long life, a spin off from interest in LEDs long life.
Advantages
Long life 100,000 hours
Nearly instant on
Good color rendition (high CRI)
Good effacy (lumens/watt)
The light is expected to be same as fluorescent. Induction *is* more or less a Circline or Rectangular lamp without electrodes and lumen maintenance is similar.
It is more complex than a standard fluorescent lamp since the higher wattage lamp runs at a significantly higher temperature and amalgam needs to be formulated properly to maintain proper Hg vapor pressure which is critical for proper color and efficacy.
http://assets.sylvania.com/assets/documents/FL061.1ef0692b-74b5-4686-a222-befe3937f7a0.pdf (If it 404's on you try later)
If you look at the drawings of lamp element, you'll see tiny horns sticking out, which are cold "cold fingers". Those hold amalgam pellets and the mercury pressure is determined by the temperature of the cold fingers. The fixture is designed to keep them cooler than rest of the lamp. Amalgam allows the lamp to operate at much higher temperature without reduction in output.
The lumen maintenance is similar to CFL. If you look at the percentage left at 10,000 to 12,000 you'll see that its about the same as CFL. CFLs don't depreciate further, because the electrodes fail around this time and lamp stops working entirely.
The life maybe 100,000 hours, but the light output is about 60% of new output. If you were to set the cut off at 70%, its around 60,000 hours. Why 70%? That just happens to be the cut off used for LEDs.
CFLs/induction lose lumen fairly quickly simply because the power density (watts per inch) is much higher than ordinary fluorescent. Even common CFL has the same power density as VHO fluorescent. When you stretch out the spiral 23W which is usually T3 or T4 tube, it's about a foot. It's pretty close to 27W/foot of 215W 96" VHO linear, but remember that with a T4 tube, UV intensity on phosphor blend is much higher.
One thing with arc lamp is that when you have two in parallel, only one will strike at any given time so useful life is effectively multiplied by number of lamps you've paralleled up. There is actually dual-tube HPS design with 40,000 hour life. If you were to inter-twine two CFLs (where having two separate lamps is optically unacceptable) you can get twice the life too.
CFLs, HIDs and inductions are suitable when you need high output from a compact source.
Life, lumen maintenance, and size, pick any two.
Induction offers size and good life, but lumen maintenance is comparable to LEDs.
HIDs are simply unmatched if you want lots of lumen for size. Fairly recent ceramic tube metal halide offers superior lumen maintenance(comparable to CFL) and same life as stanard MH, so they may start popping up in street lights.
Linear lamps usually provide better service when optics design or space constraint don't prevent their use. Their life to failure is around 45,000 hours(which sustains 90% lumen maint. before dying) in 12 hour burn applications which is almost up to par with 50,000 hour/70% of LED and induction.
I think they're great for those 100' tall 8 lamp flower pedestral type fixtures used for street lighting that can not be maintained without closing a major highway. 60% around end of life is pretty comparable to standard MH. Although, 80% maint/20,000 life CMH vs 60%/100,000 life induction depends on cost of maintenance vs cost of energy.