I am NASA certified, and they never taught us this at NASA. The problem with this method is that it breaks one of the basic golden rules of soldering...
"never move the solder joint before the solder has completely solidified"
With this technique, you're relying on the steadiness of both hands as you remove the joint away from the soldering iron, which can create a cold solder joint with even the slightest of microscopic movements. Also, you would need to keep the joint rock-steady for the duration of the cool-down period... good luck. NASA checked our work with a 100X microscope, and demonstrated the difference of both techniques with the microscope. It's not too difficult to see with the naked eye either.
At NASA, we used the spring type of 'helping hands' along with a solid chunk of steel with connectors mounted to it. this completely eliminated the chance of the component or wire moving after the iron is removed. I can see how this method would be a HUGE time saver, but, as I've learned, the most reliable solder joints come with patience.