Yes. Most of the big boys have some iteration of it in their security suites, even Cisco, which is, admitedly, not the best equipment on the block, but the one everyone in the states buys, unfortunately.
You have to pay extra for it, of course, and there are a lot of third party security companies out there that have their own flavors, so as you say, there must be something in it. I know that when I was selling wireless infrastructure in Europe and Africa, it was a mandatory requirement for any Governmental purchase.
Whether it´s worth it in a private or hotspot situation is anybody´s guess. I´m running minimal security on my wireless net but I feel a little vulnerable, although I´m out in the suburbs where ít´s unlikely that people will be riding around looking for a cheap ride...of course, when I read the rest of your treatise that we´re all waiting for, then maybe I´ll beef it up

sorry I couldn´t resist that one - I´m really NOT putting pressure on, just a little joke.
If I hear of anything new in my day to day research, since I´m in the business, I´ll keep the forums posted (no pun intended).