They're a good idea, but our system is basic compared to others. This is from Edmunds.com, explaining the way the C7 Corvette uses its TPMS system:
"Integrated Tire Temperature/Chassis Controls
Chevy uses the tire temperature data available through the C7's tire pressure sensors to more carefully control its ABS and electronic differential. Because the pressure sensors don't measure tire temperature directly (they actually measure the temperature of the TPMS sensor's microprocessor), it's not a perfect science, but it is one that data modeling can largely overcome. And it's one more piece of information that can be utilized to enhance the driving experience.
Tire temps are split into three categories: cold (below 45 degrees), warm (45-115 degrees) and hot (above 115 degrees). In "cold" mode ABS intervenes sooner and more progressively, while the differential is more aggressive to limit inside wheelspin. As temps increase, ABS control intervenes later and becomes more lenient, while differential locking ramps up more slowly."
Site reference: http://www.edmunds.com/car-reviews/feat ... he-c7.html