I don't think so. In the sense that first you have to win the satellite. Say it's 9 players. You have to put up 1/9 of the money and you have a 1 in 9 chance of winning. Unless you're sure you're better than at least 1 of the players there, it is of no advantage to you. Zero.
Then after you win the satellite, which is not any easy thing, in order to get paid back, you have to cash in the tournament. I'll tell you this, it's actually easier to cash in a big MTT than it is to beat 9 players and satellite into one. That's no joke. In the MTT, you only need to beat 3 out 4 players, sometimes even less. In the 9 player, you have to beat 8 out of 8. See what I mean?
Now I said 3 out 4 and you might think that still a pretty tall order. Actually it isn't. I'll give you an example. To cash in the
pokerstars Sunday Storm you only need 25,000 chips. If you cna get to 25,000 and stay there, you cash with ease. You start with 10,000. So in real terms, you only have to beat 1.5 players and you get your $11 back plus usually 7 or 8 more.
It's actually about 5 times easier to cash and get your money back just paying the entry fee than it is to win the satellite to get there. Me, I never play satellites.