

Depends on what exactly we talk about. I don’t need to wait years for the new updates of specific programs, where I need or want to have the new features and improvements. RetroArch is such a case. I even compile it from source nowadays, because they don’t update it in over a year. And imagine this was part in the distributions stable repository, which would take even longer to get the new version. The Linux Kernel is also updated frequently and contains improvements for performance or compatibility. I used Ubuntu for 13 years straight, starting as my first main distribution. And I was sick of this “stable” thing, where in example GIMP wasn’t updated in the repository. I used PPAs to mitigate this, and it was a horror. In example when GIMP released to support long standing requests for features, it was painful not able to use them, because it would have helped me a lot back then.
These are just a few things, not a list of all reasons. With AppImages and Flatpak (or Snap), there is less reason to use Rolling Releases than ever, but its not a full replacement for distributions repository.





Some additions to what your post and the other comments listed: