I can't really see a benefit for doing that for full boils. The idea is to keep the color light, and get the same hops utilization you would get for full boils like an AG batch.
For partial boils, where you boil less than the full batch and then top up with water, I love adding the bulk of the extract at the end of the boil. You get better hops utilization, less darkening of the wort and a less "extract-y" flavor in my opinion.
I did that for the first time a few years ago with my Dead Guy clone. The first time, I did it the "traditional" way and added the extract before the hops, and boiling the entire 60 minutes. Later on, I did it again- adding 1/2 the extract at the beginning, and 1/2 at the end. It was great- except I thought the second batch was about twice as bitter. Still good, but it's a low IBU beer. Later, when I bought brewing software, I found out I was right. The "traditional" recipe calculates to about 15 IBUs, the "late extract addition" recipe calculated out to near 30 IBUs!
The point of that story (and I do have one!) is that late extract addition is great. But make sure you are either following a recipe that includes that technique, or you use some brewing software (or one of us to give some advice) if you do add 1/2 the extract at the end. It really does change the bittering of the beer.