fcdg27, RF Overlord, Trav, Chad8, AP9, Steve SRT8... right on!
Some of you are missing the point. There are two reasons to change the fluid, to rid the trans of contamination and to replace depleted oil. In either case, but especially the first, you want to get as much of the old oil out as possible. A passive flush or fluid exchange does that well, whether you use a machine or do it at home with a bucket.
Small D&Fs do that too but they are more effective at replenishing depleted fluid than removing contamination. IMO, a single D&F is useful for maintenance done at (relatively) frequent intervals to both rid the trans of a small amount of contamination and to replenish the additives. If the oil is used up and full of contamination, it's just a drop in the bucket and nigh onto useless. You can do repeat D&F but how many times must you do that to have a meaningful effect? A cooler line or passive flush is so easy on most cars and gets the job done with less waste.
I'll play my Eleftherakis and Khalil card again by pointing out their statistic, based on decades of research and thousands of samples of ATF, that the average automatic generates 75% of it's lifetime amount of contamination in the first 5K miles. That what's built in from manufacturing and from break in. After that, the rate of contamination from wear is relatively low. This makes the first change the most important and if your trans has never had one, the oil is a slurry of manufacturing debris, break-in contamination and normal wear particles. On top of that, the oil may be depleted so the gunk in the oil can potentially cause even more wear than it would with fresher oil.
Bearing the above in mind, if your AT has never had a full fluid exchange (passive flush), that is priority one. On most transmissions, filtration is minimal (no better usually than about >40 um nominal and often no better than >80 um) so the addition of a more efficient external filter essentially eliminates the contamination problem, both with a newish trans with a lot of junk in the oil and an older one that has fully broken in. You can then worry only about fluid depleation.. which is slower with cleaner oil.
So, small volume D&Fs are a useful regular maintenance practice but at some point, every trans should have a full fluid exchange and/or external filtration added (if it doesn't already have it...its becoming more and more prevalent).