The answer to your question is no.
Because our mode of transportation only has two tires I don't want to rely on electronics to tell me the tire is low on air pressure. One of the things I do before every ride is check the tire pressure. Once on the road, a casual kick to both tires will tell me if the pressure is still up. In fact, on long road trips, I put the bike on the centerstand to gas up and while it's up there, I rotate the back tire and look for things that might be stuck in the tire and cause problems.
My '04 Acura MDX came with a tire monitor system and it's come in handy two times so far, catching impending flats before they became a big problem along the side of the road. The system works when one tire drops 3 pounds lower than the others.