When (or should I say if) JustinTV grows much bigger and hires a lot more programmers this whole unit tests are not useful thing will come back to bite them.
But I can see how right now it seems their time is better spent on other things.
For a huge company, I'd say TDD/pair programming etc is also to ensure some productivity from bad programmers.
If one bad programmer writes the unit tests, and another bad programmer writes the code, then you might end up with a mediocre outcome, instead of a bad outcome. Same with pair programming.
Likewise, if you get a good programmer to write the unit tests, then give the programming work to a terrible programmer, given enough time, he'll write a working solution.
But I can see how right now it seems their time is better spent on other things.