It makes it easier to climb in and out, especially for kids, short people. It also makes it easier to load stuff into the tailgate (or kids into the back seats).
@taccruiser97 is correct also, but you can’t control the car going into LO above like 7 mph, although it *automatically* lowers a bit (not full LO) above 50mph for the reasons he listed (CoG, gas mileage).
I use it all the time. I had slipped discs and it helped tremendously, and my wife has been pregnant and demands I always lower it for her. Makes it way easier to load the kids. And I load heavy gear in the tail every day and it makes a big difference. Range Rovers do it too, and I believe the new Lexus LS sedan *raises* when you park it to aid entry/egress. It’s an automatic function on the newer vehicles whenever they park.
I love my AHC! I think it’s one of her coolest features of the truck — the ability to be at the most functional height at all times: LO for ease of loading/unloading, a normal height for driving around town looking boss, and slightly lower on the highway for increased stability/reduced rollover risk. It will even go into an Extra HI mode if it detects you’ve beached the truck! Also, it impresses all my friends/chicks

. People are always shocked a 2001 has this feature—and even more surprised it still works!