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Rice cookers are a highly specialized appliance that can prepare any type of rice perfectly. All you need to do is add the ingredients. Rice cookers will also keep the rice warm once it is fully cooked, and even reheat cold rice.
 
The big question is, do you really need gadget that makes only rice?
 
Before starting to look for a rice cooker, take a few seconds and answer the following questions:
 
    How often do I eat rice?
    How much rice will I typically cook at any one time?
    What type of rice do I prefer?
    What features do I need (timer, programmable, etc)?
     
Now you know if  you really need a rice cooker or if you're better off saving the counter space for a different appliance that you really need.
 
If you eat rice at least 3x a week, a rice cooker is a good investment. If you are eating rice only once a week, but consistently every week, you may want to consider a rice cooker with a smaller capacity (4 cups). If rice is only an occassional side dish you will be better off saving the counter space for another appliance.
 
Assuming rice is a dietary staple, you're most likely not concerned with the 15 - 20 minutes it takes to simmer on your stove top. This is important, becuase good rice, like good barbecue, takes time, and for perfect rice, rice cookers take their time.
 
Rice cookers are available in two basic varieties: the simpler on/off, and the more sophisticated fuzzy logic.
 

On/Off Cookers

This style of rice cooker operates exactly how the name implies, the heating unit turns on - cooks the rice - turn off. Some manufacturers offer basic programming features like preset timers and warming capability once the rice is finished, but the key component is that the heating cycle turns on and remains at a fixed temperature during the cooking cycle, then turns off. As a result, these models will cook the rice faster, and some of the simpler models will only be capable of preparing white rice.
 

Fuzzy-Logic Cookers

These rice cookers are microprocessor controlled, so by continuously monitoring the temperature they are able to continuously adjust both the cooking time and temperature in order to maintain the optimum moisture level for perfect rice every time. Since the time and temperature are continuously monitored and adjusted, fuzzy logic models will require longer cooking times than the simpler on/off models.
 
The fuzzy-logic cookers are also much more versatile in that they can also cook specialty rices such as arborio, basmati, and sushi rice. The best models are not only highly programmable (timer settings, and warming options) but will even allow you to program in your preferences for texture (hard, soft, sticky or wet).
 
The best fuzzy logic rice cookers also utilize induction heating. Instead of the heat being generated from an electrical plate under the cooker, and electric current creates a magnetic field which generates heat all around the cooking chamber. Induction heating provides four key improvements:
 
  1. More uniform heating
  2. More accurate temperture sensing
  3. More accurate and finer temperature control
  4. Temperature changes are immediate
  5.  

So, do you need the latest & greatest with all the pre-set programs and features, or something more basic?

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