What really needs a fix is when you have text over an image or other diverse background (like, sticky/fixed text over a scrolling background) and need to have it always visible. And... this doesn't help at all.
So not only does this only (maybe) help in very questionable circumstances, they needed to come up with an entirely new verb for it, it has an anemic feature set (only selects black or white), and they did it with the worst possible contrast selection algorithm (doesn't select the choice with the most perceptual contrast). Way to go!