Will it really help today, when anyone with any serious intent doesn't launch their attacks from one or two standalone hosts, but buys botnet capacity?
This is useful in a defence-in-depth scenario, same as fail2ban. You might be able to defeat the odd hacker or researcher doing recon on your host, and sometimes that's good enough for you.
If you need botnet protection, you shop around for botnet protection providers, and you get a botnet protection solution. Easy as.