It probably does, but I cannot tolderate lines, so if it means no line, it is worth it for me, even if it takes more time overall.
Also, for me, 99% of my travel is international. I made literally one domestic flight not tied to an international itinerary in 2012 and have made none YTD. I am pissed that I don't get access to this benefit and anything that sticks it to TSA is goodness in my book.
And, if sequester induced wait times increase significantly, it may actually be a time saver.