Oh hell yes frying the rice makes a very different and delicious kind of rice. Especially if I was doing risotto I wouldn't do it any other way. But I use a rice cooker all the time for the brown rice that goes into my "bachelor chow." Because I don't have to bother with it, I know it will take care of itself.
I've never heard of dis frying of the rice before cooking.. will have to try it.