Dd(11) loves it when we get time to read to her, she will read to us too. It's particularly useful when reading classics (e.g. Animal Farm) because we can discuss the allegory. Haven't tried though since starting secondary so that boat might have sailed. There are still occasional words which she mispronounces because she has only read them herself so isn't aware that they don't follow conventional phonics rules.
Unfortunately we don't do it as often as we would like because dd(9) still struggles with reading so she has to read and be read to every night.
Ds (6) is a fluent reader but he still likes the ritual of reading to us and being read to, especially as he likes history, science, dinosaurs etc having two heads figuring out latin words is better than one.