As you've read from the others, this is not a good idea. All it ever was, was an intensity cutoff (based on strength, intensity, etc...). Much better to let your ears decide, rather than have a computer be deciding. It was confusing. For example: if you were momentarily "catching the end" or "catching the side" of a larger shallower target (yet weren't exactly centered), you'd get a signal (since it appears to be a smaller/deeper target). So your "blanker" would allow you to hear it. But then when you went to go center over it to hear it better, it would disappear, because now you're on the louder center, which triggers the "blanker". Just a BIG nuisance, if you ask me. Much better to let your ears do it.
Also: There was a humorous mis-conception that people had about this gimmick. The misconception was no doubt fostered by the way the advertisements were bady (or purposefully?) worded: Some people thought that when the machine "blanked" that top 5", that they were going to eliminate masking. Ie.: magically "see right through" that top layer. So for example, if a flatted can were 1" deep, and a silver dime were 6", they'd get the time, while seeing through the can. Nope. Didn't work like that. The machine still "sees" the can (albeit silences over it, since it's above the intensity cut-off point). So you still masked, same as ever.