In addition to the post from Harry Soo, I have also heard that he met with the Weber Engineering team and one of the topics of discussion was the throttling of the top vent for temperature control. From Harry's account, the engineers were skeptical, and his response was "don't take my word for it, try it for yourselves and see which offers better control." Now I don't know what the Weber engineers did after that conversation, but I do find it interesting that for the first time they have introduced a very finely calibrated exhaust vent on the new WSCG, and promote it as an effective tool in the effort to control temperatures.
Long and short, if both Harry Soo and Weber (in a reversal of previous advice) advocate the use of the exhaust vent to control temps, there must be something to it.