Absolutely, but not so much if you buy the $20-30 variety. Buy some by a quality manufacturer such as Peltor, Howard Leight, Walker, etc. As a minimum, you will spend a bit more and potentially a lot more if you get the high end versions.
The downsides to using electronic muffs are numerous, however. On a windy day, wind noise is amplified very loud. Small sounds can sound like you are being approached by an unseen several hundred pound monster until you realize that it is the muffs making the noise of a small critter sound really huge. Distant sounds will see much more close and give you a false sense of proximity. Plus, the muffs (versus the plugs) can be warm and potentially uncomfortable in warm weather (though this doesn't bother me as I wearing shooting muffs for shooting in any weather).
Finally, because of the auditory cutoff and turn-on that occurs with the shot, you can experience a radical amount of sound change that will obscure the sound of the impact on the animal.
The advantages are that you can often hear more. Your hearing is protected during firing, whether it be your gun or your buddy's. The muffs can keep your ears warm in the winter and keep bugs out of your ears in the summer.