A Passing Maniac
First Post
Definite no. Sitting around doing nothing while you wait for your character to be not-useless, or wait for your new character to be created and introduced, isn't fun. (Even worse if you actually liked your character.) YMMV, of course, but my players and I find that save or die/suck effects don't instill fear or build tension or create excitement so much as cause annoyance and boredom. Generally speaking, not a goal of my D&D games. 
