it is my understanding that Wattvision taps the entire electrical system via the meter, not just a single outlet like a $15 "kill-a-watt" style power meter will.
That's true, but you need a combination of the two: both general and appliance-specific measurements. Like the post says: it's hard to figure out where power usage is coming from.
If you have more specific data and combine it with simple switching, you can achieve a much better awareness and higher savings. And the hardware doesn't have to be expensive as the "kill-a-watt" devices show.