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for me, the pluses of this model are that you can set it to cook brown rice before you leave for work, and have the rice ready, timed to coincide with dinner.
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the biggest improvement, making it more than worth the extra cost, is that it seems to get the job done in consistently less time, though cooking rice on the stovetop is certainly faster than either.
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i tested this unit with three items -- slow-cooked chicken, brown rice, and a cake:
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the cook modes are white rice, brown rice, sticky rice, quick cook, slow cook, and steam.
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Positives:
Easy To Clean, Good Temperature Control, Long Warming Ability, 10 Cups