Very relevant. However, even if I’m not, obviously, a big fan of meetings and over-synchronization, I think some recurring meetings can help you save hours/days. No need to spend (waste?) 1 hour x 8 persons every week.
But some quick meetings to keep everyone synchronized on specific topics, well-planned moments (right before lunch is my favorite moment) can be relevant to identify some priority shifts and then help people to focus on something else.
All of this is mostly a matter of equilibrium, I guess!