We were induced early because of gestational diabetes. I think they used to whip them out 2 weeks early as standard, but we were given the option. The wife had had enough of being pregnant and so we went for it.
Turned out to be a good decision as well, the inducing started working much quicker than expected (it can sometimes take days, it took hours for us!) and the baby was in trouble, so we were taken in for a caesarean.
Oddly it was all a much quicker and calmer way of doing things. Turn up at the hospital, sit in a room while they induce, wait around, go to delivery suite, off to theatre and then get the baby. All in all, it was less than 10 hours from when we showed up at the hospital to me holding the baby and she was only really in labour for an hour or two.