So far, I'm underwhelmed with the power-saving ability. I bought an optimus enabled laptop for 3-D editing on the train, went with DELL XPS15, i7 SB, and Geforce 525M. 
Just using CPU alone, a charged battery gives me about 6.5 hours of life (just based on what the calc in the system tray tells me). If I fire up a 3-D app, it goes down to about 2.5 hours. The ah heck is that whether I'm integrated/dedicated doesn't seem to matter - it is still roughly 2.5 hours. I get that the integrated card probably needs more juice then CPU alone, but I'd still hope it to be less than GPU. 
I'm still tweaking a few settings, was really hoping to find a way to get 4+ hours of life with a 3-D app running. I haven't done anything graphic intensive at all, maybe in that case the integrated card would outlive the nVidia. I also haven't actually timed the battery and am just going off what the sys-tray says.