Is it worth using Python's re.compile?

Question

Is there any benefit in using compile for regular expressions in Python?

h = re.compile(\'hello\')
h.match(\'hello world\')

vs

Answer 1

(months later) it's easy to add your own cache around re.match, or anything else for that matter --

""" Re.py: Re.match = re.match + cache  
    efficiency: re.py does this already (but what's _MAXCACHE ?)
    readability, inline / separate: matter of taste
"""

import re

cache = {}
_re_type = type( re.compile( "" ))

def match( pattern, str, *opt ):
    """ Re.match = re.match + cache re.compile( pattern ) 
    """
    if type(pattern) == _re_type:
        cpat = pattern
    elif pattern in cache:
        cpat = cache[pattern]
    else:
        cpat = cache[pattern] = re.compile( pattern, *opt )
    return cpat.match( str )

# def search ...

A wibni, wouldn't it be nice if: cachehint( size= ), cacheinfo() -> size, hits, nclear ...