Well, if you look at the site Moz posted, Frank D. did his homework; this is the high temp areas UNDER the hood of a 4.0L TJ:
This is the low pressure areas on TOP of the hood (@25mph):
And this is the overlay of both graphs:
So by using the vents where there is heat below the hood and where the Jeep's aerodynamics pull the air from the engine compartment, you can get a lot of air moved through a relatively small hole. Granted, when you are wheeling at very slow speed, the air will not circulate as good (although it would still be better than nothing), so the temp drop will not be so dramatic (although still it is good)...
So, based on this, I am thinking about doing only the ones on the sides.
With the Pontiac louvers, Frank D. got the following drops in temp:
11 degrees F at Idle.
16 degrees F during Stop and Go
27 degrees F during Highway Travel
So it seems it defenetly works... And you dont need half a million holes (or spend $100 or more) to achieve a drop in temp... I dont know how much temperature drop on the intake you get with a CAI, but 27 degrees HAS to make a difference!
I AM thinking about getting the louvers lined (along with the CB antena mount, which is starting to rust, and the vent grill already on the hood, which I also got a metal one some years ago and is also starting to rust) to match the bumper finish, but I have not decided on that yet...