Presumably those that need to will use that feature. The value is still there as the only way for someone to find out if you have Signal remains the same: brute force. If people who need to keep their Signal use private are using an identifier not tied to their identity, brute forcing will not be useful.
The uncertainty as to how many would use it is likely why it’s been back burnered for so long, but it shouldn’t impact effectiveness. I realize that you may not have been implying it would though.