Here's IMO a better source on the subject than the one posted above. This is a quote from a doctor in biology who works for Lallemand yeast-
Thank you Juan - that's an excellent overview, and addresses my question much better than the other source. Now that I understand the rehydration process better, I agree that it is indeed beneficial to rehydrate dried yeast in warm water. However...
In the future, I plan to combine the rehydration AND add it to a small amount of wort before adding it to the main wort. This takes advantage of both processes and hopefully ends up with an improved overall result. Here is the proposed process:
1. Take about a liter (2 pints) of wort from the main wort after it has boiled for at least 15 minutes. Put it in a sterlized container.
2. Cool the liter (2 pints) of wort in a sink of cool water until it reaches fermentation temperature.
3. Then take the package of dried yeast and add it to warm water (95-105 F) to rehydrate for 15-30 minutes.
4. After 15-30 minutes, cool the warm water/yeast to close to fermentation temperature (within 15 F), and immediately add it to the liter (2 pints) of wort.
5. Allow the liter (2 pints) of wort and yeast to stand for about two hours at fermentation temperature, while the main wort has finished its boiling/hop addition schedule, has been cooled to fermentation temperature, and has been transferred to the primary and aerated.
6. Add the liter of wort/yeast to the main wort.