I can imagine the Windows tools lacking flexibility. But an fdisk and format (mkfs) should be enough to render NTFS presence "gone" - even though the data is still there.
..and that's what this tool does. If you are going to sell your computer on e-bay, since you bought a new one, would you want any personal data to still be on the machine? This would be a great way of just eliminating that possibility.
This isn't really about just installing a new OS--I think it's more about protecting information on your obsolete machines.