I would say take-home assignments complimented with an assurance of an in-person interview is the trade-off that I'm willing to make. I recently interviewed with a company that gave me one and told me that my solution would be the basis for the final onsite interview, which made a lot of sense to me.

After I submitted my solution though, the company came back to me and said that they had received a lot of submissions and would not move forward with my candidacy. This made me intensely angry as I had spent an entire evening coding up the solution.

To add insult to injury, they even asked me to remove the solution from Github where I had posted it (I had not posted the question so it wouldn't really make sense to someone just glancing at it). At that point I stopped all communication with said company.