It's finicky on occasion, but when you are used to it, it's surprisingly intuitive practical! It wasn't super popular though, and I imagine it could be annoying to users who didn't want it. It appears they only did it for a few models, ending in the S5.
That phone was pretty interesting, sensor-wise. I kind of miss using it, and I wonder if it would be practical nowadays.
[1] Air View: https://www.samsung.com/hk_en/support/mobile-devices/what-is...
[2] Air Gesture: https://www.samsung.com/hk_en/support/mobile-devices/what-is...
The problem is that long-tap gets used for a lot of other things on Android (extended selection, particularly). The user experience is pretty unhappy if you use both conventions. And, in practice, long-tap tooltips are so rarely provided on Android apps that I doubt that ordinary users would expect them at all.
As far as I know, tap-and-hold (as distinguished from long-tap) isn't a conventional gesture on Android.