I often use "TYP" for weld symbols (although the external and internal drafting standards where I work are all but non-existant). I think with weld symbols, it is a lot cleaner.
Also, I would argue that in some applications, it makes more sense to use "TYP" without the number of places specified. For example, if the part is likely to be modified slightly and reused in other applications. Say I had a plate 12" X 12" with 16 holes on a 4X4 pattern. If I thought in the future somebody might use the same type of design for a 24" x 24" plate, which would need an 8X8 pattern for a total of 64 holes, I would be tempted to specify the holes as "TYP". This would allow the part to be copied and modified with less risk of somebody missing it and leaving the holes as an 8x8 pattern with the callout still listing only 16 holes.
In addition, where I work we have a place in our title block to specify "Open holes _____ unless otherwise noted." I think that actually putting "TYP" on the drawing is MUCH BETTER than allowing this title block note to specify the size. I personally do not use the title block note.
At least if I forget to put in a dimension for a hole, it is undefined, and the person making the part will have to come and ask. If I have a size in the title block and forget to put a dimension on a hole (that should be at a different size than listed in title block), the part will come back with the wrong size hole, and possibly need to be re-made from scratch.
-- MechEng2005