Although its positioned to be one of their better products, in independent testing it just has not held up. A better product from turtlewax that is also cheaper is their carnauba cleaner wax line. http://www.turtlewax.com/main.taf?p=2,1,4,4 I personally think it is probably their best wax and the most durable they have. Its a very mild cleaner so don't expect it to work wonders on faded paint by itself.
Odd but they seem to have taken the plantinum series off of their website, it may just be getting a make over. It is an odd conicidence.
If I was buying turtle wax, I would skip everything else and go directly to the ICE lineup. If I needed a cleaner, I would use KIT scratch out or the ICE clay kit, and then apply the ICE afterwards.
The instructions for the ICE paste, suggest misting the car with ICE Spray detailer before buffing for the ultimate shine.