Well... yes. The only reason that I am balking to turn on the BT radio is because I have noticed that when I do turn it on since there are no BT devices to connect to, it keeps searching. I thought that continually searching for a connection raises the transaction cost of using BT, which has a negative fallout on the power drawn to search, which ultimately impacts battery life. I could be wrong on this though.
I know what you're talking about; at the BT settings window-thing, as soon as you turn it on, those "thinking dots" appear and it starts searching. That's the reason why I turned it off at the beginning, really. But upon closing that settings window, I wonder if it keeps searching...