I installed AIS on the boat recently, and I really like it! I was surprised at how many vessels are using AIS. (of course, it is required for ships, but many pleasure craft have it too) The system can overlay the position of these vessels on your chartplotter's map and give you other information as to the vessels' name, speed, course, destination, location of the impending collision and rate of course change if any. This will be particularly helpful in busy shipping lanes like the Gulf Stream or crossing the Chesapeake Bay in rain or fog.
The installation was pretty simple. My boat has 2 Garmin chartplotters, so I purchased a Garmin "black box" unit that connects to the existing VHF radio antenna and to the chartplotters by way of a NMEA 2K network backbone. Put power to the black box and the NMEA 2K backbone, hook the chartplotters to the network, and you're good to go. No programming is required.
In my opinion, if you are considering acquiring an AIS system it might be a good idea to buy one that is fully compatible with the existing equipment on your boat like I did to make installation easy and not have to reinvent the wheel. I am not advocating any particular brand and other folks may prefer navigating with a laptop or having a separate AIS screen, but I found that sticking with the equipment on board and buying a black box that integrates with what you have works great and reduces the amount of clutter on board.
Matthew