Yes, the info can be useful. And technically speaking (on windows at least) you can dig into the logs and see what happened. But yeah, 99% of users don’t know what any of it means, so it makes no difference to them if it’s hidden away.
That said, aiming for the lowest common denominator is a good thing, imho, so long as you’re also providing a way for power users to get at the info being hidden.
That’s pretty much the entire way windows works. Give the tech illiterate a shiny object to stare at, and give power users a way to view what’s underneath.