It does.
Its not about instant suvery, or unlimited fuel, its more about unlimited jump range, and a fact that cheaters can tag as firsts, and Fdevs already did mention that they cannot remove tags once been data was sold, even if was done by cheat.
There is few pearls to yet to visit and tag as first, but you need like 1000+ ly range to get there, and preety sure that those are already tagged by cheaters. But even if cheaters got banned, thier tags remain or change into "cmdr validating" wich apply for removed accounts/banned as well, meaning that if ever in future would be a valid way to get in such remote system, part of reward is gone, and for many, myself included, biggest reward is being "first" If I go explore somewhere.
And yes, Fdevs can tell if someone did 5000ly illegal jump, its should be easy for them to notice it. But thing is, ban aint is done by instant, cheaters can do go explore for few hours, go visit unreachable systems, tag them, go back, sold data, and surely they will be banned soon... but thier tags will remain. And this is where is point of problem.
Some might not care about first tag, but some do, and I do care, and I do care a lot about it..
As exploration to me is about being first somewhere, so others would be next After me, not other way around, especially if system is something very rare and amazing... For example, I did focus at finding and tagging planetary nebulas (nebulas of size of system, there is only 200-300 of these) many years ago. Did managed to find and to tag as mine a few of them, but for now, preety sure all "reachable" ones are all tagged and not any left. So what if only 0.005% is been discovered, but within that all obvious and nice places are long time tagged by someone else.
Same issue is with bigger nebulas, A-AA systems, wolf-rayets, odd star clusters, at every region, at whole galaxy, apart only from permit regions. When you look at gal map and you think you find something good, once you get there, its already tagged. Only thing to find is random multiple ELW, or GGG's, but these are pure luck, as those can be anywhere, hidden at bulk of stars. Good luck with that.