...not that I've ever had anything useful come from talking to a recruiter. The useful bits have always come through my existing personal network more directly, or through meatspace networking. I shut down my LinkedIn because I basically started to view recruiter emails as spam.
So in my world, having a CV with the necessary keywords (SOX, HIPAA, GDPR, COBIT, NIST SP 800/XX/yy/zz, NIST CSF, etc.) is a life saver because I always have headhunters calling me. I don't see them as spam. I just tell them to ring me 30 days before my contract/extension ends, and they gladly do so, and I stay working like this.
I don't spend more than 10minutes per month, and only to accept/ignore/reply to messages. I use it. I don't let it use me (apart from the fact that they sell my data to anyone who is willing to pay them).
Sure - if you know people that work at the specific company you're interested in then you can just get a referral through them, but if you don't then having a history of email contact with recruiters at interesting companies via linked in is quite valuable and makes it easy to jump to the interview process.
The job market is strong so we (devs) get a lot of email from recruiters trying to hire, and the recruiter quality can vary (generally employees of the specific company are better than hired firms), but in general I think this is a good problem to have.
I don't categorize the person you're replying to this way, but I've definitely seen devs go on a bit of an ego trip because of the recruiter emails they get and then treat them dismissively. A career is long, there's no reason to be nasty to them or cut them off - at some point you might need their help.
There’s a similar network effect problem with Facebook, but it’s a lot easier to leave Facebook because you presumably can still message your real life friends in other ways.
With LinkedIn you can’t leave without also seriously hurting your ability to get in touch with recruiters.
That said, you basically don’t have to spend any time on it after you set it up. Maybe update once a year? So doesn’t seem like that big of a deal.