In reply to Turbo tommy:
I don't think they're something often used by climbers as they're not as specific as other exercises and you can't change the resistance (unless you buy a set of different strengths). The advantages are their portability and the possibility to train almost anywhere and anytime. Bill Ramsey (who climbed 8c at age 54) used these to train when walking down from the crag where he was trying his project.
Unless you need that portability you're better off with other methods like fingerboards/bouldering/weights.