My second was induced. Actually, I liked it. I think it's all about timing.
My first was 3 days late. 18 hours of labor, 2 hours of pushing. I tore violently, 3rd-degree tears.
We induced my second because she was over a week late, and the doctor was concerned about the placenta health. I wasn't sure, and I wanted to just wait it out, but my mother would be out of town the following week and unavailable to help out with the baby (who we had expected would come earlier, or she never would have scheduled a trip), and so I decided to go ahead and induce. In the end, my daughter was born 10 days late, I believe, and because I induced, I was able to have my husband by my side because my mother was able to stay with my son. I feel very grateful. I don't know how late she would have been had she come out naturally (she was only 6 pounds, 8 ounces even at 10 days late!) but it would have been very difficult if she had waited until my mother was unavailable to come!
8 hours of labor, 10 minutes of pushing. Only mild tearing. Over all, it was a much easier experience, although I've heard the second birth is often easier even if you don't induce. If I have a third, I will not plan on inducing, but should my doctor feel is is necessary, I also wouldn't hesitate to do it, since I had such a good experience last time. I would not choose to induce before the 40th week unless I had to, though.