A competent manager might argue that it would be a better use of his time to delegate to his resources to identify what in their distributed journal of bug closures, emails, wiki updates and notes represents signal and what represents noise.
I don't know any competent manager who isn't busy enough:
* managing multiple projects
* fighting fires with customers
* chasing down issues, managing expectations
* attending meetings he/she doesn't want to attend so that his/her resources can better spend their time on delivery tasks
* triaging his/her own inbox (when you're a manager, everyone who sends you an email expects you to treat it like it's an emergency)
* handholding the resources that for one reason or another he/she can't fire
* writing his/her own status reports to deliver to paying customers
Ideally, collecting status is great work for an administrative resource like a project coordinator, but that's usually a luxury item that managers can only dream of.