Yea, I mean it will tell me about the traffic, you just can’t hear the “chatter”.
That said, there’s other software you can use to fill that in which I do so I hear real ATC clips the entire flight. The clips also change depending on frequency. If you’re on approach freq you only hear appr chatter, etc…
So that’s kinda nice.
It’s also broken up by region so you aren’t hearing say asia traffic while in Canada or US.