I would mostly agree, I didn't pay to have TPMS on my car, but via the OBD port you can enable it, so I did. It is the version that doesn't have actual pressure sensors, but senses speed differences between wheels using the ABS sensors.
It differentiates between slow and rapid changes, giving a yellow or red warning on the dash, when the yellow one goes off I've generally been aware for a day or two on speed humps or cornering that it's getting a bit soft, and not got round to topping them up.
But once, on the motorway, the red warning went off unexpectedly, when I hadn't felt anything, as it happened I was a few hundred yards from a service station so I pulled in there rather than onto the hard shoulder, by the time I'd parked one rear tyre was totally flat from a shard of glass. Obviously I would have noticed that at some point, but perhaps the tyre would have shredded itself by the time I could do anything about it?