If you're talking about one of those pumps which keeps the hot water circulating to the fartest reaches of the house. We have one and don't like it.
Yes, it keeps the water hot even really far away from the HT tank, BUT there is a nasty side effect. The cold water pipes in the same areas are full of hot water. So if you want a drink of cool water, forget it. If you want the temp in the shower to stay the same temp. forget it. It starts warm/hot then cools significantly as the cold water in the pipes finally gets to your bathroom.
We're glad we don't have to wait for the hot water, but when you flush the tolet and the water is hot, it kind of wierd.