It does make intonation and setup easier, but it still doesn't make it easy.
Floating bridges are fun, but they are a hassle to set up properly and it does take its time. This thing will definitely be a time saver and shave off some of the more annoying parts of the work load, but don't expect it to magically make setup as quick and easy as with a fixed bridge.
Still, if you have to do setup more than just once or twice, it's worth your money.