Technically, the great thing about "supercruise" is it allows sustained supersonic speeds (about Mach 1.5) WITHOUT using the afterburners.
There are two or three different definitions of supercruise floating around. Lockmart goes with the Mach 1.5 definition because that makes the F-22 the only supercruise-capable combat aircraft.
To the extent that 'supercruise' is a categorical capability deserving of a specific label, however, either Mach 1.0 or, better yet, Mach 1.2 w/o afterburner is the better criterion. The former matches a property of the external environment (the speed of sound) whereas the latter marks the point at which the buffeting and other effects accompanying transonic flight diminish, thereby marking the onset of a
desirable flight regime and one with meaningful advantages over a whole host of platforms limited to the high-subsonic regime: airliners, tankers, ISR assets, UAVs, cruise missiles, etc. etc.
Of course with the (rather more sensible) criterion of Mach 1.2 applied, there are a whole host of aircraft other than the F-22 which are capable of supercruise: Typhoon, Rafale, Gripen NG, Su-35, possibly J-10/B also. Which is why LockMart doesn't use that criterion.
To be clear: that the F-22 is the most kinematically impressive aircraft in existence is not to be doubted. More than simply being able to go faster than other aircraft on dry thrust, its supercruise characteristics are independent of weapons load, whereas all of the aformentioned platforms are limited to supercruise in at most moderate air-to-air configurations without EFTs. These, however -- or perhaps a better example: however much faster or slower on dry thrust PAK-FA turns out to be than F-22 -- are merely
incremental differences whereas the difference between all supercruise capable platforms (by the Mach 1.2 criterion) and non-supercruise capable platforms is a
categorical difference: an F-16 cannot chase down an airliner at cruise altitude without afterburner, a Typhoon can.
This means a serious increase in range for the amount of fuel used
Relative to afterburner, yes; relative to subsonic flight, no. Subsonic is still where it's at as far as fuel efficiency is concerned, which is why in practice F-22s don't spend much more time supersonic than F-15s do, i.e. almost none. I suspect this is why
CorporalClegg described it as a 'dubious' capability.