It would be useful because there isn't a legend that shows the color coded status states and for some it is easier to see the written status as opposed to knowing which status is which color. Gives the ability for me to see what status my tickets are in for the various sprints within my release so I can flag a feature and ask what's going on with this one it's not where it should be based on where we are in the timeline.
I would also like to see the status added to the Initiative roadmap (not just the release roadmap)