Like I said before, VVT-i is great with the stock turbos and as EE1.3 has posted, great with NA. Try it past 400whp with a larger single, and try to tune it! Let us know how much it costs, then come back and let us know if it's really worth it!
"Con's to having VVT-i vs. without- You are pretty much stuck with limited modifications to the engine, eg, air filters, extractors, etc, to get more power. The reason for this is the very system that give the engine all that extra power - The cams & VVT/V-TEC. You can of course use larger cams to get more power,
but this defeats the purpose of having the VVT/V-TEC in the first place. You'll most likely lose power at low revs, and not gain a great deal at high revs. (The VVT will gain proportionally more than the V-TEC, however, as the V-TEC head is optimised - well, compromised - for the 'big' cam & 'small' cam and so using a larger cam may not help much at all).
So, if you want an engine
with power like a racing engine, then you're better off building a straight race engine right from the start.
Or maybe a turbo engine ...
The other concern I have is the longevity of these sorts of engines. I believe that the VVT system would be largely trouble free for the life of the engine provided that you keep the oil clean and change it regularly. Even more so with the V-TEC, as with all it's little bits & pieces in close formation in the head I'd hate to think what would happen if some of those little locking pins didn't engage properly at 6000rpm+."
From
http://www.billzilla.org/vvtvtec.htm
The above is for N/A only, the author even says if you want power, built a race motor with the right cams, or turbo it (meaning without VVT-i). Even the dynos for the 3S engine above, don't come turbo with VVT-i. LOL, even the Skunk 2.4L Honda engine had the VTEC removed. It's an ALL MOTOR N/A monster, that took the tube frame car into the 9's in the quartermile. If VTEC was so great, why get rid of it? It limited the motor's potential, as it does with 90% of all high HP engines. As soon as you have a turbo that will get you into 500whp on your 1J with VVT-i, I seriously doubt VVT-i will show any gains vs. the same turbo on a non VVT-i equipped car.