yes I never left on it except once. I got extension of year every year but you have to give TE a couple of weeks notice as they provide you with a letter to get your extension. Also never lose your elite card as immigration need a copy of that also.
I was on Elite for 5 years (ended up coming up to 7, long story) to get me to retirement age. It is hassle free but now I am stuck in limbo as it cannot be converted to any other visa inside the country once expired so expect to do a border run when it ends.