To me this is like having six in hand and half a dozen in the other. I can understand why players with below average stacks would want to stall in the hopes that the extreme short stacks will get knocked out.
One of the things that puzzles me though, is the timing of it. It seems to me that the time to start stalling is when there are five or six players to be eliminated before the bubble, maybe even further out in tournaments with bigger fields. I see alot of players that start stalling a long way from the actual bubble. To me this is a waste of valuable tournament time, preventing players from seeing hands before the blinds escalate. I also see players that continue to stall after hand for hand play has gone into effect. Again this would seem to be a waste of tournament time, hindering players from seeing hands before levels increase.
This stalling would seem to me to be most detrimental to the shorter stacks, particularly those below the bubble cutoff number. For instance, if you were in 7th place, with 27 players left in a tournament where 23 places are paid out, I could see stalling in the hopes that the shortest stacks would get knocked out before the bubble is reached. But if you're in 25th place in this same scenario, you could always hope that the guy in 15th will get knocked out by the guy in 3rd place. It could happen, but I wouldn't count on it happening. Instead I would be hoping to see as many hands as possible in the hopes of catching one that I could double through somebody with.
My preference is always to see more hands before blinds go up and reduce the value of my stack. If I'm sitting on a top ten chip stack, then it's business as usual for me. I often sit there wondering if the guy next to me, sitting on the short stack realizes that his 8xbb is about to become 6xbb and be more likely to be called when he does decide to make a move. Does he realize that his stalling is only hurting him. I'm still going to be sitting on 35x and able to play my game. I don't let it bother though. I don't care for it, but I accept it as part of the game.