An old hospital I've been working in lately has these induction boxes on the perimeter walls. First time I've ever seen them, not sure how well they control room temp and humidity.
Not sure what kind of temp schedule they run on the primary air, which runs constant volume thru a little 4 in. round duct into the box. A summer/winter pneumatic room stat controls a valve on the water line to the coil.
In the summer, they run some of the building's chilled water return to the coils, which is at a higher temperature than typical chilled water.
The coils in the induction boxes don't have any condensate drain pans, so if the chilled water running thru them gets too cold, I imagine condensation from the coils would be a big problem, especially if the building humidity levels get fairly high.