mysqli - using PREPARED STATEMENTS - worth it?

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Looking at this page:
http://us2.php.net/manual/en/function.mysqli-prepare.php

Also the new book "ADVANCED PHP PROGRAMMING" uses the new MySQLi Prepared Statements for all queries.

Wondering if that extra code, trouble, and lack of flexibility is worth it? Will it be a HUGE performance increase that will be worth those added lines of code for every single query?

Any insight appreciated.

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