Hey, I've also been using FileVault for about 5 years now but I'm not so sure about the battery life and the speed. Right now I'm downloading things from a website and the processor activity is 10-15%, so that's probably because the data is encrypted before it can be saved. Also, I noticed that applications start faster on a useraccount without FileVault, however that might also be because the user accounts I tried it with have not much stuff in the homefolder.
Well, does anyone know if there's any benchmarks that give a real and not only subjective impressions on how much FV slows down your system? Couldn't find anything but this thread on the web.