It will make undelete obsolete. But not data recovery.
Current undelete works because drives do not really erase the data unless you specifically use a "secure erase" tool. or the data has been overwritten. If you delete something, it will likely still be there and recoverable.
Note, that the way the mac filesystem works, you cannot undelete files on it... for no reason (unlike trim, it doesn't improve performance on a spindle drive).
However, if you delete a partition trim is NOT engaged, so you can undo that. And the most common reason for data recovery is not "I accidently deleted a file and want it back", it is "my drive broke and I want my files back, files which I never deleted".
Which:
1. Can be recovered, although via different techniques, with an SSD.
2. Not affected by trim.