I've used hot hide glue on a few projects. I feel like I need to rush and soak the joints, then clean up the mess afterwords. As others have said, the fact that it doesn't seal off finishes is really great and necessary for my remedial hide glue skills.
I would be very interested in folks describing how they have used hot hide glue for carcass dovetails. For smaller glue ups, I don't have much problem. For dovetails more than a foot wide, especially the last step when you need to glue both sides, I can't seem to get it together without slapping on the stuff -- or going so slow that the glue begins to gel up a little and some of the the squeeze out is in blobs, not liquid.
That all said, my worst hide glued carcass joint seemed to draw up tight as the glue dried, which was pretty cool.