Buckeye, I just put an addition on my house, and used Hardi-Plank. I liked it so much that I came back and re-sided by detached garage with it, as well as the gables on the house. It is great stuff, fire proof, termite proof, mildew proof, etc. Use a high quality paint and it should last a long time.
I did not get the primed Hardi-Plank, as that was not available through my supplier, so primed it myself, then added 2 coats of Benjamin Moore paint after it was hung. Looks great.
If you do the work yourself, be sure to use a dust mask when cutting, as you will create a lot of dust. I have a 18 volt Dewalt cordless circular that I used for all cuts. I started out with a high quality carbide tipped blade. Naturally it did not stay sharp very long. My supplier told me to put the blade in the saw backwards, or use an old cheap saw blade. I did both, and never had a problem with the cuts (other than the dust). I tried to rent the shears to cut with, but the rental shops had not heard of them.
As others have mentioned, the material is heavy however 2 people can handle it easily. The wife would hold one end while I nailed.
Also, I was cautioned to not use a nail gun, as sometimes they set the nails too deep. You only want the nail to be set so the head is flush and not below the surface. In some tight/awkard spaces, I did use a finish nail gun to temporarily hold the planks in place until I could permanently nail them. (Kinda hard to describe this, but when you get to the tops of the gables it is difficult for one person to hold the plank and nail at the same time while hanging from a 24 foot ladder).
Anyway, I don't think you will be disappointed with the Hardi-Plank. Have not tried other brands, so can't comment on them.