Given graphs like the first one on this page, which show how steeply wind resistance increases with speed, I take it that small changes in shape can be relatively important/effective at high speeds (and not at relatively low speeds).
E.g. my top speed when commuting is about 30 kph; the tour de France speeds on the flat are more like 50 kph. The power required to overcome wind resistance at 50 kph is **more than triple** that required at 30 kph.
It's also relatively important/effective if and only if you've already improved/maximised everything else (e.g. the rider's position and clothing).