I'm not saying it's the first thing that you should learn when you start playing poker because it's not, but if you look at someone like Pelion and his approach to the game currently (and obviously I don't know the ins and outs) it seems like he's going about improving in the right sort of way.
It doesn't even come close to being a waste of time going through all the stuff either. All the thought and effort that goes into constructing these ranges is just so positive for us as a player. The amount of leaks that we find not only in our own game by going through this type of process but the leaks we find in other peoples games is just massively valuable.
edit - I actually think if you look back at the thread that boris made recently about starting ranges and flops etc. You'll see that the point that I was trying to make was that his default range was quite good for what it was there to do, but from a balance point of view it was crap. What he'd done is come up with an exploitative range, but he didn't seem to realise this. So as soon as you start playing that range as default against someone good they'll tear you apart and it leaves us not understanding why.
So not being aware of what an actually well balanced range should look like and how we should play it can have a serious detriment to our game when we are playing against good players. So at no point was I attempting to say you should be using a balanced range, but it's really fucking helpful to know what one looks like for lots of reasons.
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