I agree with you. What i took away from that point was to leave it to an automated tool. Th Eclipse Java formatter was the first time I saw this work. Distribute the formatter settings among your team, make everyone set the "format on save" option, be done with it.
I just wish all languages had this kind of support.
"indent" the program (for C) has been around for a while.
The other nice thing about automated formatting is that everyone can edit code in their preferred format, as long as they convert it back before checking in (for readable diffs)
I just wish all languages had this kind of support.