I would consider it for my hosted server.

Entering a password on boot is a lot of work, because I need to vpn in, and run a java webstart kvm application (serial over ipmi would work better, but it doesn't work well on the hardware I have).

Encrypted disks is a requirement because I don't trust the facility to wipe disks properly. But I assume I would be able to clear the TPM (if present) when I return the machine. And I could store a recovery key somewhere I think is safe in case of hardware issues (although, last time I had hardware issues, I simply restored from backup to new to me disks)