*sigh*
yes, and no
as was stated, which is correct, in older non-water cooled turbos that was the purpose of the turbo timer
HOWEVER that is not needed for that purpose in the newer water cooled turbos
but to just dismiss that it is not needed anymore due to that one reason is not correct....the reason that I'm saying the turbo timer is good to have in even the water cooled turbos is to keep oil running through the motor and lubricating the turbine shaft as it spools down after a spirited run
the turbines spool up to speeds in excess of 32,000 rpms (for some reason in my head I am thinking its up closer to 120,000 rpms, but I cant recall where that number comes from so for the sake of arguemental purposes here Ill just stick with the first number that I recalled)....after a spirited run that turbine doesn't just suddenly stop....it is constantly spinning and thusly needs to be lubricated while its spinning
when you turn off the car the oil stops flowing through the turbo, but after a spirited run the turbine doesnt stop spinning right away....the reason you wait about 30-60 seconds after you shut off the car (and the reason that mazda states you should always do that after a spirited run) is so the oil will be properly lubricating the turbine shaft during that spool-down process
no, you dont need to run the turbo timer for 5-10 minutes after a sprited or long run
yes, 30-60 seconds is always a good idea and will help prolong the lifetime of the turbochargers bearings....its not necessary, but then again neither is any of the other modifications that people do to their cars...it is simply one of those mods for peace of mind to benefit the car....for a lot of people, they have a spirited drive because they are in a rush to get somewhere and dont have time to wait for it to spool down