It's just urban myth my friend. While I wouldn't doubt that some 30 yrs or so back then this trick "may work" somewhat with the older AT design (still no proper merits to back up),try that on some new cars designed/released during the past 10 years or less and you'll be up for a serious repair for not only the aged ATFs deterioriates due thermal cycles, additive depletions, etc. but also lots of friction materials in-suspension that will clog those critical valvings common to modern electronically controlled AT designs causing overall drivability and shifting problems. Flushing the trannie to rid of all the crud and replace it with fresh new fluid makes a whole world of difference in ensuring proper transmission performance and longevity, and this should be treated as part of a maintenance schedule.
While I do not stop people from preaching this very same old tricks to the grand public, truth of the matter is, modern electronically-controlled AT gearboxes are quite expensive to fix than those some 30+ yrs ago and can be quite tempremental when the fluid starting to show it's age esp. with a relatively smaller sump.
Same with old hat tricks such as running ATF in engine to "flush", etc., they do not lend any merits in resolving the situation.
What else can I think of, oh yes! Those domestic vehicles up until the 80s, they have their brake booster reservoir sealed with a rubber diaphram and most mechs claimed that there is never a need for brake fluid replacement/purge/flush for as long as you own the vehicle.Truth is, moisture still seeps in from the other end of the brake cylinder/caliper piston seals to deterioriate the brake fluid. I would absolutely refused to drive those vehicles unless the brake has been regularly flushed with fresh fluid and purged properly.