A question for Bretsky if he doesn't mind me asking....

I'm thinking about a Home Equity Line of Credit for some repairs on the house and my CC. What are your views on this? I have heard nothing but good things from the people that want me to do business with them
(Interest is tax deductible, the monthly payment drops when you pay down on the principal, things like that).

Are HELOC's as good as they say they are and whats the current rate?