Are you saying that if I turn on Target Audiences for a list and in a particular named view select the Target Audiences column for that view, it will not restrict display of an item in the list to the group added to the Target Audiences column?
Isn't it in essence a filtered view that shows that selected item only to the groups added?
I understand that under views that don't have that column active the restriction will not be applied but if it doesn't work for views where it is applied, what good is it?