Just read a somewhat old article on Howstuffworks.
An interesting read for those who are interested.
Howstuffworks "Introduction to How Hydraulic Hybrids Work"
The system is more efficient than a traditional gasoline electric hybrid in that it has less moving parts, thus it loses less energy to friction.
It's actually really simple- there is a tank of high pressured fluid (what it is I don't think the article goes into) and it is let go, powering the vehicle and captured in another less pressurized tank. Through regenerative braking, power is taken in and the highly pressurized tank is repressurized. Sounds interesting.
Faults that the article doesn't talk about-
Wouldn't you need batteries (or at least a capacitator) and stuff to store the energy to power the pump to repressurize the tank? Doesn't that mean that it isn't as simple as originally touted by the article?
How much power exactly are you getting out of the system?
Or, maybe I read the article too fast and didn't answer the questions I asked.
Oh, forgot about this too, UPS trucks have been using this system in the US, I think.
I'm pretty sure garbage trucks and buses would benefit from this system too.