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As in Smartphones and PDAs? You don't have to move the up and left buttons several times, just with a tap on the screen, so basically it saves you lots of time.
But if you meant on computer, like a laptop screen or desktop monitor that supports, touch or multi-touch, same, it saves you some time, but if you're normally fast at controlling the mouse pointer, then it will not affect you that much. And the fact that some support multi-touch makes it cool, like some people show off with a 2x finger pinch to make a zoom in picture, text or whatever, usually when they're not that popular.
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