Ok, I have been around performance cars for the last 24-odd years, and "cold air intakes" have been used for a LONG time. My background in the last 15 years is the VW and Audi scene, and have owned many cars with intakes in the fender, under the front of the engine compartment, and short systems inside the engine compartment. The short ones should be called "hot air intakes" because that's really what they do. The advantage in my book is how easily they are to access for filter cleaning and maintenance. The long CAI in the fenders and elsewhere are harder to get to for routine maintenance.
My question to you guys is, have you EVER seen or had intimate knowledge of ANYONE ingesting enough water through a CAI to harm their engine?
I haven't seen or heard of one single occurrence in 15 years of playing with sport compact cars. Personally, I think it is more urban myth than anything else. Guys changing their intakes out when it rains makes me laugh out loud. Really, aren't there better things to worry about?
doug