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From what I have read and gathered from talking to people who have worked with these, Yes, they work, pretty much as claimed as long as you look at how well they do in your situation, like a 55 degree basement as most of the numbers for them are based of 72F air temp, not 50-55F basement temp.
The other advantage of them is that they dry the air, this is good in warm humid areas where it might be in a closet in the living space and cold damp areas that tend to have basements.
Yes you can duct the cool air in to the living space, in the winter it might make sense to keep it in doors as it's still going to be warmer then the outdoor air that has to replace it and if you are cooling your basement then you are still getting some warmth from the ground, in a very indirect way.
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