I stareted off waiting untill i was level 85 to buy the R11 wood, although its an excellent wood (especially compared to the horrible fast meter of my old i15) and very good distance wise, nearly as long as driver on some holes lol, i found adjusting for the 220 yarder par 3's we get a lot of a bit more awkward, not too bad though.
I decided to give the hybrid a go, and only use it for courses with 215+ par 3's (and maybe courses that i don't really need a power full wood) and i found it to be a lovely club. I was in 50% rough and stil managed a 200+ yard shot. 220 from 30% rough. If you feel you land in the rough on places like bethpage quite often, go for the hybrid.
After using the both, at the moment i'm still using the hybrid, but to be honest, its horses for courses as they say, and doubt the wood will be back in my bag if i'm on St Andrews back 9. But they are both excellent clubs, and i could only wish there was space for BOTH in my bag, pity the rules for clubs in bag are 14 and not 15 LOL.