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And similar to the concept David Locke clamped on to with a death grip during the M's 2001 season, 'stealing outs'... Where defensive plays that would normally go for a man on base instead become a putout, effectively making it so one team is playing the game with, say, 24 outs instead of 27...
But the Gennaro analysis is more descriptive and quantified, and more concrete.
Anyway you slice it, you are right Doc, this is something not captured by the stats yet intuitive to baseball guys. Quantifying it as Gennaro has kind of serves the same purpose as OBP. It attaches a concrete amount to what is previously known only intuitively, to the point where you realize it is probably even more important than was previously thought. Definitely helps deepen our understanding of how the moving parts work together.