I use mine for a lot of things...wouldn't take for it!!
Mine will actually "pressure fry." It has an incredible sealing system. So..what do I cook in it...
Rice...in minutes rather than 20 or so.
Beans...You bet.
Roasted meats...anything you'd usually braise, it will cut the time down tremendously. You won't get quite the same texture as long, slow cooking, but it will achieve the tenderness very well.
Chile Verde...every time...and it takes no time at all.
Stews...chicken...the best pork roast we've had in ages...
I also use mine as a deep fryer. It's very heavy and conducts heat like a champ, so it's my favorite pan for deep frying. I don't usually put the lid on and fry under pressure, but I can. I could also "can" about 4 pints if I were of a mind to.
Mine isn't "new." But it's not handed down through the ages either. I think I've had it...maybe 6 years.