I'd have to agree... other than the theoretical cool factor

, of the four unmolested cars I've ever put K&Ns in the only tangible benefit has been longevity and perhaps one less item to pick up from a parts store at tune-up time.
On a carb'd motorcycle however... look out. In most cases changing from paper to a drop-in foam or gauze filter will cause the engine to run moderately lean at an idle, and scary lean the moment you open the throttle enough to get off the pilot jets. Not sure if FI bikes have similar breathing problems with the factory filters... no experience with 'em.