Yes, see this[0] for example.

If memory serves me right, the TLDR is that the more typical release management system can cause certain features to not be released as soon as they're ready, because other features that should go in a major release are not ready yet.

By removing the semantic component of release numbers and releasing often, this does not happen. Feature ready -> shipped soon.

[0]: https://hacks.mozilla.org/2019/09/moving-firefox-to-a-faster...