No you’re not missing anything tbh. Like most features barring the seats and the steering wheel it’s not exactly critically necessary, and dare I say, like a lot of features, if you’ve never had it you wouldn’t miss it.
But it’s a really lovely feature imo, that definitely gives the car a little extra premium feel, a feature that I have had on a couple of cars for about 5 years now and I would not spec a car without it, despite the scare stories. Horses for courses, etc...