I disagree.
Gary showed that underhood temps are not as hot as one would think, and only slightly hotter than ambient temps. This disproved the myth that underhood temps are so "hot". They really have little to no affect on EGTs, etc.
Secondly, that cool hose intake would most likely cause more issues than it solves, especially where it snows. I could easily imagine a nice dry powder snow getting sucked into the hose, filling the airbox with snow... while rain might not be an issue, a powder snow that is being blown around by the truck's motion may be.
Lastly, I'm the last one to talk about longevity (look at the mods in my sig), this makes the fourth truck I have drilled, all have/had over 200k, and all ran just fine (and get/got as good or better mileage than most at the same time).
Two points of view, agree to disagree.