Discussed earlier thread that relying on it for all your grip is dangerous, but this is part of a package which has been tested and simulated within an inch, so presumably it's just one part of the broader package.
Race car engineering has come along light years in the last four decades. Back then, it was still a "let's chuck it on the car and see if it works" kind of thing. Whereas now, computer modelling of chassis structures, impacts and aerodynamics is par for course, and when coupled with small-scale models in a standard engineering lab, can narrow down engineering performance and solutions to close to optimum before a part has even been made.
The advantage of the former approach is all the cars looked different, and it was up to the teams' designers and engineers to think up sometimes completely unique solutions to assorted problems. Of course, you had a lot of testing in those days. But think the Brabham fan car, the twin chassis Lotus 88, all the teams which developed active ride and adjustable suspension so that a car complied to the ride height test in parc ferme, but that could be lowered on track once a car was up to speed...
Wind tunnels in the late 80s / early 90s were a big step up, and then in the late 90s / early 2000s, computer modelling became much more accurate and dependable. (I know, I was involved in some of that development). Sadly, this also massively increased spending, which put pay to a lot of the "garagistes"
The downside of the current situation is that with the computing power being what it is, both from statics, dynamics and CFD modelling perspectives, the mathematics takes everyone to a very similar place in terms of what works best.
Though having said that, the downside of all that computing and wind tunnels is also an upside, as it gives the current crop of F1 engineers a much better understanding of their cars than their counterparts from the late 70s and early 80s. So I'm not sure we'll repeat some of those whopping shunts from then, but then of course, simulations can only take you so far. Until the cars actually run on circuit, we'll just have to hope they've got it right.