Yep, that's why I bought it. I needed something good that could reprofiling in a reasonable amount of time. I'm going to practice A LOT before I trust myself with any higher end knives.
After trying in vain to sharpen my CB Leek on Arkansas stones (seemed like I was removing more stone than steel), I got the DMT set. Probably took no more than 10 minutes or so on the fine and extra-fine, and the Leek was back to a razor edge.