Neil:
I am using it, but like Richard I usually don't go to the trouble of subtracting out the stairs.
There are however, several things in the standard with which I don't agree. One of the most prominent is the part where you don't include a fireplace on an exterior wall. Since you do include interior fireplaces, I feel like exterior ones should also be included. (But I don't - I follow the standard.) I got into a long running argument with the instructor of the course I took on it. My logic is simple; economically it doesn't make sense. If you are including the interior fireplace in the GLA in the cost approach and then also adding in for fireplace, then you are not treating it the same as an exterior fireplace, which is not included in the GLA. It becomes even more clear when the exterior fireplace extends into a garage. In that case, the fireplace square footage actually gets counted in the garage space, which makes no sense at all. Like I said, I'm following it, but I don't agree with it. The standard should be chaged to read that the fireplace area is included in the house size on any level where there is a firebox opening.
The other thing I don't agree with is the way they handle bay windows. But that's another story.
By the way, I do completely agree with the way the standard says to handle second level (or higher) space when the eaves of the roof come down to less than five feet of standing room at the sides of a room.
Okay, so I'll bet the standards writers don't give a hoot for my opinion. At least you would think they could make standards that make good economic sense.