Update: The rice hulls work great. I like them much better than perlite. The figs are growing at a phenomenal rate.
Pros: Price wise, they are a great deal. Their delivery was free, but now it's $25, but they are available at my local Feed Store for $10.50/bag. The same amount of perlite costs around $25-$30 here. I think one bag is 6 cu feet but it seems that I would use at least the equivalent of two 6 cu feet of perlite for the use I get out of one bag of the rice hulls. I think they pack the bags tightly and once the bag is open, the rice hulls uncompact. . No sifting and no dust. It doesn't seem to breakdown that easily. Perlite seems to breakdown faster and the quality of the Thermorock perlite around here is very poor with lots of dust. They are more environmentally friendly than perlite.
The cons: Some of the rice does sprout, but that hasn't been a problem for me because rice won't grow in the dry desert. Also, I put wood mulch in my pots which prevents any rice from growing. You also have to put mulch on top of the pot because otherwise, birds love to come over to the pot and peck around the pot to eat the rice which results in soil getting kicked out of the pot. Don't use rice hulls with starting cuttings, especially indoors. The gnats like it and some of the rice sprouts because there's more humidity. I just use Oil Dri with Perlite and no gnats, but the minute I used the rice hulls, gnats galore.