In a boxed group it's totally awesome! Set the default to your main (or whichever char you want), and then hit that button and everything goes to them. Makes looting (except for NO DROP stuff, which takes some thought) practically instantaneous.
Tatanka Wolfdancer, 105 Wood Elf Druid, 7 x 300 Master Artisan, 7 maxxed trophies :)
Anaceup Mysleeves, 105 Erudite Mage, 2 x 300 Master Artisan
Snookims Whinslow, 105 Erudite Enchanter, 2 x 300 Master Artisan
<Inisfree>, Tunare (Seventh Hammer!)
Tatankaa (95 Inquis)/Urkell (38 Conj)/ Seanthornton (24 Pally), <Inisfree> Freeport server (some other server now)