I use the R11 three wood and find it pretty good out of the rough although it isn't a club that I hit more than a few times a round. I don't use a hybrid and don't see much use for it unless you ditch the three wood. I carry the standard wedge and 3 others.
Since I switched irons to the TM 2.0 I have been thinking about this. I have a PW that goes 125 yards leaving me a huge gap between my 90 and PW. My debate is whether to take out the 3 wood and pick up another wedge or dump my 90 yard wedge and pick up the Cleveland 115 yard gap wedge, with the Cleveland 80 and a 60 yarder, still a pretty big gap but with punches it might work, the other thought would be to buy the 115 and dump the 3 wood leaving me with 5 wedges.