I agree. On something like the Empulse, you're probably getting around 20kw at most into the storage device. High charge-rate batteries should be fine with a short duration 2-3C charge if partially depleted.
Capacitors make more sense as an assist for hybrid vehicles with smaller batteries, or as in mazda's i-eloop, a conventional gas vehicle with an alternator. A car at highway speeds has
around 200 wh of kinetic energy, you can probably recover a bit more than 100 wh into a storage device. If you charge a capacitor from half voltage, you can store about 75% of the rated energy - so 133 wh total storage. Maxwell's best ultracaps are 3 wh/kg, so you need a 45 kg (100 lbs) ultracap pack to store the energy.
The 1.3 kwh NiMH pack in the 3rd gen prius weighs about 30 kg. Much more storage, and a bit lighter.. but the ultracap vehicle would probably be more fun to drive. Consider the following:
3rd gen Prius has a 98 hp (73 kw) gas engine and a 80 hp (60 kw) electric motor (MG2). The power output of the motor is limited by the battery pack output (27 kw = 20C), giving a total system power of 134 hp (100 kw). An effectively 100 wh ultracap pack could power the MG2 motor at full power for 5-6 s alone, or 10-11 s assisting the battery. Total system power is now 177 hp (133 kw), so maybe 2 s faster 0-60 mph. F1-style push-to-pass would be pretty fun in a street car : )