Yes, it does. It decreases the number of how many times the letters occur.
That's right. That's what it does. Nothing else.
eta: I suppose I'll go ahead and spell it out.
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
How many varieties of letter are there in the above string?
1?
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
How about now?
Still 1.
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
Now?
Yep still one.
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
Less then 2 varieties of letters.
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
The variation is of yet unchanged.
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
A lack of variation change is present.
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
I seem to have misplaced yet another A, but my variety level is maintained.
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
Something's eating my letters, but apparently it's not hungry for variation, cause I've still got all of it.
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
1 variety of letter, hah, hah, hah.
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
2! varieties of.... wait, never mind.
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
The variety of letter is bored with the lack of change.
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
1 variety
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
1x1=the varieties of letters.
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
Captain, the sensors report no change in variety
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
Are we almost done?
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
Apparently not.
AAAAAAAAAAAAAAAAAAAAAAAAAAAAA
How about now?
AAAAAAAAAAAAAAAAAAAAAAAAAAAA
No?
AAAAAAAAAAAAAAAAAAAAAAAAAAA
Really?
AAAAAAAAAAAAAAAAAAAAAAAAAA
The horse is dead.
AAAAAAAAAAAAAAAAAAAAAAAAA
Its relatives are filing a lawsuit regarding desecrating a corpse.
AAAAAAAAAAAAAAAAAAAAAAAA
They look angry.
AAAAAAAAAAAAAAAAAAAAAAA
Ohhh, the line is shorter than my thumb now, but there's still 1 variety.
AAAAAAAAAAAAAAAAAAAAAA
Am I really going to do this 20 more times?
AAAAAAAAAAAAAAAAAAAAAB
Whoah, How'd that happen?