^ I do it so I can solder on a live circuit. Low voltage stuff... USB port or lab supply. Cuz sometimes solder and a fly wire is most expedient and turning off power is maybe not necessary while debugging.
There is argument for those working on mains that making sparks, letting out the smoke, and/or popping your circuit breaker is a nice reminder that your circuit is live. This is a valid argument. (A steel or copper bench directly earthed would also be a protective feature!
) But this is personal safety issue which has nothing to do with ESD to components. ESD is when kV of surface charge zap things. A few mV of inductive AC on the tip might destroy SOMETHING out there, but it won't be via ESD.
I suppose you could add a switch to select between one or the other, if you wanted. Direct earth when you want EP (Electrocution Protection). And 1Mohm connection for the very marginal need to add ESD dissipation to the tip, in case you are able to generate a surface charge on the plastic handle. Personally, yeah, I don't see a huge reason to have 1 Mohm resistor over no connection, at all. But it's there, so why not? If I could solder a connection inside a box, close it up, and never see it again, it's not like pulling on a wrist strap and connecting it every time I sit down.
For some reason we equate ESD-safe iron with grounded tip. I didn't start that trend.