my boat (
my new RB - Sparfel) which is styled to look like a RIB has moulded polyethylene sponsons. They are slightly more susceptible to damage from hitting solid objects (piers etc) - but if you want to see how tough they are ask MacBoats in Dundee (or NewZealand) to send you there demo DVD. The drop one 30ft onto a solid concrete car park and it bounces - the only damage is to one of the cheap plastic cleats!
Mine is a wee 3.9m boat, but there is a 5.4m RIB sytled version available from the same manufacturer and I think MacBoats do an even bigger one.
In reality - close up they don't look quite as "COOL" as a real rib, but I think they are a good compromise. The also offer more seating and storage space internally.
HTH
NEIL