The IP's seven functions are: rice cooker, pressure cooker, slow cooker, steamer, sauté, yogurt maker, and warmer. I have one at home and I use it all the time to whip up quick meals. I love the sauté function — it gets nice and hot really quickly. I use my IP more than I use my oven TBH.
Check out Instant Pot Hacks from Tasty to see more fun ways you can use your IP.
Promising review: "This is quite possibly the coolest, most versatile kitchen gadget I’ve ever owned. I love it so much that I’ve purchased two more for friends and relatives. What can it do? I think the real question is 'What can’t it do?' I truly believe you could replace every cooking appliance (including your oven and stove top) and do EVERYTHING in the Instant Pot. I purchased two sizes for my own use: the 3-quart (which is my almost-every-day workhorse for two person dishes) and the 8-quart (which I bring out to handle my dinner party dishes). Everything I’ve tried has been fabulous. In the realm of kitchen appliances, there is no better investment than the Instant Pot. Highly recommended!!!" —Stereoman
Get it from Amazon for $69.99+ (available in three sizes).