it could be good for intranet usage and for complex form with edition
capability.
So for pages which are less used then navigation pages which are accessed
by more users more frequently.
remember that a large viewstate impact the bandwidth, and if there is a
postback, the viewstate is sent back to the server, so again an impact on
the network.
In the past I have created a complex form with a lot of controls / sub
controls etc.. designed to configure a chart online (the user can change
the colors, axis, values, etc etc...)
This form was really big with a big viewstate, but the user go to this
page only 1 time a month.
In another side, the page which render the chart is really small with a
small viewstate because the page is accessed every day.