For some screens, it is certainly faster and easier to programmatically build them up, but for the vast majority of screens, your comment seems to tell more about a willingness to learn than a desire to make good apps.
Perhaps you stopped trying to use it during the Xcode3 days? Now, almost any hairs it did have got shaved off in the Xcode3->4 transition.
I'm not saying use it for all adjustments to views, sometimes those go faster in code, but it is by far the better way to do almost every view.