I used a Camelbak last summer and it worked a treat. Takes 2 liter's of cold water and has other pockets for spare rope etc.
I only use it on flat water but if you keep sipping while you are sailing it stops you getting thirsty. Im like Elmo, even if I drink a truck load of water before going out I still get thristy.
Just remember to rinse it with fresh water so the zips dont get sticky.
I think Dakine make a straight bladder model.
Definitely a good thing to have on a hot summers day and as Jethro says, being thirsty means you are dehydrated so keep up the fluids.
Cause then the cold frosties at days end taste even better