I think that in a dry MotoGP race, you might risk not only fade but possibly warping the quad rotors (even though they are floating rotors). Simon, I would disagree that these brakes are purely for show. Unlike a pair of Firestones or steampunk adornments, they will stop you faster than most stock brakes.
I think Mick hit it on the head -- interesting and cool looking, but not a ground breaking revolution in braking performance. For hard street riding, I am sure these quads would provide more than enough braking power, but so would a great pair of Brembo monoblock calipers.