I didn't understand how this works until recently I started to use a lot and undoing the previous direct template modifications and put them under TMS. Thank you so much to keep us hassle free! :) Now I see less red-named templates :P
I held off installing this for a long time. I just installed on my test site after using it, it's now installed on my live site and it's simply an outstanding add-on. I was mad not to install this alot sooner. Thanks so much Guiltar.