It totally does: fast, stable, restartable (kill -USR1 <pid>), lightweight, stays out of the way, easily configurable, portable config files, and a very, very, very consistent UI over the past 17 years that I've been using it (nearly a decade of which it saw virtually no dev activity and, frankly, didn't need it -- updates have started trickling in again).
Thing is, after nearly two decades, it's solidly ingrained into my desktop use habits. And while I try alternatives from time to time, they always leave me running screaming back to good old wmaker.