I can imagine cases where this would be of value. I can also imagine cases where it would make for still more work (e.g., if a bag is lost or delayed and you're not still at the airport to find out about it).
And, of course, it's yet another item in the incrementalizing of air travel costs.
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Baggage delivery: American Airlines gives it a try
If you don't want to wait at the airport for your checked bag, American Airlines will deliver it for you — for a fee.
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I thought that the already did that, you know, when they lose it.
Yes, but this time they're asking you to pay for the privilege. :-/