I installed this at my new house today. It is the second one I've installed and the installation is fairly straight forward. I'm hoping to save lots of water and time, since the run from the water heater to the shower faucet is about 90 feet long.
http://www.watts.com/pages/whatsnew/IHWRS.asp
http://www.watts.com/pages/whatsnew/IHWRS.asp