Ditto, they are fine on certain older motor setups like what Barrie said. Essentially they allow more air to pass, but rely on the oil to trap much of the finer dust.
You are better off going to crappy tire buying a stocker when your filter is looking dirty. It is all about where you drive.
Essentially you wash the K&N, dry it and then oil it with their oil. Same deal on many motocross bikes and ATVs that use the washable air filters.
I would recommend against it for a new car today.