The best things they have going for them are that you can easily re-use existing right of way, and the per-mile implementation costs can be lower than conventional light rail or subways.
My favorite system that was spec'd but never built was the Chicago PRT (Personal Rapid Transit) which had four person 'cars' on a track that worked like elevators. You pushed a button at the track and an empty car arrived, you got in and punched your destination. It didn't have to stop until you got there. That particular system had issues with the amount of computer power it needed, although today it would be trivial to implement. If you can imagine autonomous vehicles on a track with 'smart' switches, its a lot easier than a self driving car.