That's true - but they have quite a few limitations.
For example, they can only offer redundant power for two failed power supplies. So you can plug in a stack of 4 switches, but only 2 of them can use it concurrently (this is assuming you load the RPS2300 up with two power supplies otherwise you are only covered for a single power supply failure).
Also you can't use them to provide "A" and "B" power. If the "A" power rail goes down, all the switches will power down except two (or one if you only have a single power supply in the RPS2300).
Also if I recall correctly, they only cover the core switch operating power and not PoE. I could be wrong. So the switch will stay up but phones, APs, etc will go down.
I've had a problem getting the switches to fail back from the RPS2300 to mains power before as well requiring the switches to be power cycled.
I'll be blunt. I don't like them. I don't tell my customers that they exist. I think they are pretty expensive as well.