I've had License Tracking set up for over 10 years - My experience is that it only updates any given individual once a month.
So while it's useful to get a total count of users, and who is FAIRLY current, (within 30 days) it's not so helpful to find out who hasn't connected for say, a week.
Brett, while this isn't as timely as I'd like, it has been the most helpful tool that I have found.