For me it does, depending on the project. (Using emacs/magit, having a dedicated buffer just for magit.)
I want to keep on top of my current branch, what is untracked, what is unstaged and staged, quick diffing, etc. It actually helps a lot with productivity since I don't have to actively query for this information when it's all in one screen.
If I used another editor, I would like to have similar features. Maybe it can be done, but I am quite fluent in magit already, and one major thing keeping me from moving to another text editor for my current projects (if it actually mattered.)