I ride a ChargerBike to work on nice days. It's a pedelec-style, in that it measures your torque input and matches (or multiplies) it with electric power, so there's no throttle (the article is talking about a twist-throttle system).
I probably wouldn't have chosen it except that repossessed it from my dad after he never rode it and I didn't want to add a bunch of road/commuting bits to my mountain bike. I originally gave it to him because I was able to get it for cost as an employee at the outfit that made the electronics (AeroVironment).
The advantage of an ebike is basically that it lets you get somewhere faster than you could on a regular bike with the same effort, while retaining all of the advantages in terms of parking and portability. It costs more than the heavy bike it's built on, but is faster than a comparably-priced lightweight bike.
The electricity is basically rounding error on my monthly bill, and it's free when I charge at work.
And while I'm a big believer in the sort of utilitarian fitness you describe, on well-to-wheels basis an ebiker is arguably more efficient than a conventional cyclist eating a typical western diet.