Yes, it most certainly does; I think of that often. Seeing JWs or even just thinking about them makes me appreciate how I've been set free. JWdom seems so different now that I'm free and on the outside. I can see the cultishness and the phoniness. I see that the org is far more concerned about money and its own survival than it is the welfare of humankind or even its own members. As I see family members still in and swallowing it all, I'm so glad I'm not in their shoes.
There are many other Bible passages that I look at differently now that I'm on the outside. (http://www.jehovahs-witness.com/topic/282535/scriptures-that-now-seem-apply-jws)
Jer 5:21 - Hear, now, this, O unwise people that is without heart: They have eyes, but they cannot see; they have ears, but they cannot hear.
JWs are deaf and blind to logic, fact, and reason. They just cannot (or will not) see and hear TTATT.