If I've got my developer hat on, yeah, sort of. I still find the case differences more pronounced without necessarily forcing me into a more in-my-face code formatting theme. Also, for all the reason A code format is important, the fact that I have 20 years experience with up-to-now SQL norms mean that I'm trained to look for certain things and can, almost without thinking, focus in on those with the help of historical formatting. Arbitrary changes to that history mean that now I have to discard that muscle memory and learn new ways of looking at things... I'm not sure the gain of a few less caps locks keystrokes merits forcing that learning curve. Sure the kids won't care about that because there's nothing to lose, but some of us old timers lose the benefit of our experience.
But developers with good tooling to deal with more static views of the code aren't the only readers of SQL, and perhaps not the most common.
With my DBA hat on, trying to figure out what's going on reading through logs and such, I don't always have that kind of tooling available. In this context the casing can help as well.... and this may form some of my bias; my first professional experiences on the application side of the world were in very much DBA roles dealing with other people's applications running on my servers. Insofar as access tools preserve developer formatting, having good "color-blind" formats made reading complex queries easier.