Be sure to boil the stone/wand between brews - it can trap wort easily and become a breeding ground for microbes.
I have one and use it only on the occasional big beer. The wine whip in a drill set on high oxygenates my lighter beers very effectively, though I wonder if it is even necessary....
I honestly feel that "it depends". I almost never boil my wand/stone. What I do:
1) dunk it in bucket of star san I have on hand during brew day / when about to aerate and pitch, while turned on low thru flow meter.
2) aerate wort
3) immediately carry over to sink and run hot water over stone with it turned on low.
4) go back and dip in star san bucket again while turned on
5) set aside to dry until next use.
From start to finish including aerating time takes maybe 5 minutes.
Also, just for kicks I decided on my last batch, a 1.050 ESB to skip aerating since I repitched with plenty of yeast and had added Wyeast nutrient to the boil. I noticed it took a full 24 hrs to form <1" of krauesen - slower than if I had aerated. In terms of growth phase and overall yeast health Idecided to go back to my BMP of aerating every batch. It still made great beer - but it's just so easy to aerate. And I use a swappable 10-lb tank of 02 so I'm not worried about using a little extra. It was a pain when I bought the little expensive disposable red tanks at Home Depot! YMMV.