My high school shifted to it. It's like a college day where you have four longer classes instead of eight shorter ones. Courses are semester-long, not year-long. This means you can take two math classes in one year (algebra in the fall and geometry in the spring).
This also enabled my high school to offer AP Calculus B, which is part-two of AP Calculus.
The other advantage of this type of schedule is that it is also easier to offer other kinds of math that may be more critical to most students, such as a dedicated class on statistics.