It depends on the skill. Fortify Armor skills just give a slight bonus to AR. Foritfy Smithing adds directly to the improvement from Tempering, which is why it's so popular. (I just hate crafting.) Fortify any magic school lowers the casting cost, no matter how high the actual skill, and Fortify Weapon Skills go directly to damage. So, what Bobjim123 said, it's one of the worst fortify skill enchantments in the game, along with Fortify Block.
Well fortify block is okay, but I'm happy with the base block level and my skill. All weapons block at ~60%, an iron shield blocks at ~53% and a daedric shield blocks at ~63% at block level 100. I don't need any more damage reduction than that, on master.
I imagine some power gamers do though. A fortify block enchantment of 35% ish will give you the maximum 85% damage reduction when blocking with a daedric shield.