Earlier quoted context omitted.
I'd be curious to poll people's experiences, but, I can say that I had never heard the term until today and I've known this stuff for a number of years. And it sounds silly and adds nothing. That too. (edit: my education on this stuff was in the 00's. Sounds like it was more common in the 80s. I'd definitely support obsoleting the term entirely now, though! It adds unnecessary complexity.)
It's yet another term that you can get by without knowing, and you'll probably be fine. But understanding why it's relevant to even have a word for it is the important insight. We should just as soon obsolete the term flip-flop.
And replace it with what? Bistable multivibrator?