My electric razor works fine for me. I get a new one every year from Sears.
You guys ever shave with a knife or with one of those cut throat razors?
To answer your question: Yes. It's nothing remarkable; I know a few people who swear by it but I guess to each their own...
I've hopped on the electric razor bandwagon too, given that I have to shave almost daily for work nowadays. Cuts down massively on time, mess, and irritation, and by my math is still cheaper than buying replacement heads/cartridges/blades/whateverthefuckyouwannacallem.