[rtrombone]

Nate and astro have hit it on the head. The big problem with the stop and go as opposed to check-raising the flop and leading the turn is the loss of the small bet those times your opponent folds on the turn. Most players simply aren't going to raise you on the turn with a worse hand, so you can discount the induce-a-bluff factor.

As far as I know, there are four situations in which the stop and go is a good play: (1) your pot equity on the flop is such that it's EV-neutral at best to continue jamming, rather than wait for a safe card on the turn; (2) you don't want to shut out people between you and a late-position raiser with a flop 3-bet, and you want to get at least one bet from them on the turn; (3) your opponent is capable of folding to a turn 3-bet if his hand is marginal/you think he's raising for a free showdown; (4) you think betting/3-betting the river will be more profitable than 3-betting the turn.

In response to turnipmonster's question, I don't see any benefit to betting the flop. You basically have position because the preflop raiser is going to auto-bet. Why sacrifice it? By betting, you let your opponent get away from a lot of hands he would've bet.