My old pre had one, my new one does not.
Interesting, when I had one, and utilized it, (rarely), I did so to figure out what was wrong with my set-up, in order to sound correct back to 'equal'. Well, now I don't have one, but really do the same. Set-up, set-up, cables, a speck of dust on the stylus, whatever, is usually the problem.
That said, yes, I have known those that had a set-up that really couldn't be changed for one reason or another, and in their case, they used it to 'balance' their imbalanced set-up or more importantly, room. So, for those instances it is probably nice to have.