In my experience, the POD series are great for easy recording. They give you lots of effects to play around with, and lots of amps, and the sound is decent. This gives you tons of "fun" recording stuff, and you can try out different styles on the fly - something that's really hard to do normally. Recording quality is also pretty decent - especially with how easy these things are to setup & record.
However, if your looking for an "amp replacement", don't look at the pod. I don't even really like their effects in front of an amp - 90% of them sound really fake.
Again, if its just for bedroom recording, and fun times, highly recommend. I've had a "pocket pod" ($100 or something on musicians friend) that I've used for a few years now - that thing is awesome! I always bring it with me if I'm going over a friends or something and I'm going to be bored, sometimes we go down to the lake and I like to bring it with me as well. Hook up some headphones, bring your trash guitar, and some good times can definitely be had very easily.