It's funny, I hold exactly the opposite view for exactly the same reason! I regard a code formatter nowadays as an essential tool for programming productivity, the fourth most important tool after an editor, compiler and web browser. The reason is that the limit on how much I can get done is not so much wall clock time as mental energy. The thing that costs mental energy is making design decisions. Without a code formatter, every few lines provides another invitation to make a design decision about layout.
