I'm not up on PEX enough to know all the rules on it yet, but I'd be very cuatious when comparing water lines to gas lines. Water moves pipes around. Preasure increases and decreases cause constant motion in plumbing lines all the time and are a major source of failure. Pipe can only take some much movement until something breaks. Enclosing a water line inside of another line increses the amount of movement that you will get in that water line, whether is side to size flexing, or end to end travel.
In California, where I spent a season jetting water lines, it was very important to make sure the sand was all the way around the pipe and that the pipe was solid in the sand. Jetting is where you put a pipe into the sand and force water into the sand until you fill up the trench anc colapse the sand around the pipe. Sand will self compact with the water and when you got enough water in there, you could see it happen. Then the contractor would check to see how much sand was above the pipe and add more if needed. When we finished that, the inspector would come out and measure the amount of sand around the pipe and also check to make sure it was compacted and solid. No movement in the pipe is the goal, so when there is some movement, it is at a very minimal amount.
When running water pipe up through a cement slap, I wrap it in pipe insulation. This protects the pipe from rubbing against the cement slab. Over time, this has been a source of leaks in homes. It's happened allot with copper lines too!!!!
Of all the options available in running water lines, Shedule 40 PVC is the only one wiht a proven track record of success. The black poly lines all have failure histories. The only advantage to black poly is that it comes in longer runs and is easier and cheaper to install. All your low end sprinker systems are black poly because of how much cheaper it is to install. They also get to make momey coming out for repairs, so it's a win-win for them. In your home, don't cut any corners on utilites. Put in the best material available, or wait until you can.
As for the other materials, they might work out fine. I'm hearing only good things about PEX, but its' still new technology. There are allot of homes out there that were built with the latest, greatest invention, only to realize later on that it's not what was hoped for. Solar is a great example.
Eddie