Hi Cactus Music:
Yes it does get rid of stuff that you already:
1. deleted or
2. apply trimming.
So on and so forth.
Like I said many times on different threads here, you have to take an old project and do the bun file thing, and see that the size of the bun file is smaller than the combined length of the audio folder (even after you save as in another folder). And only if you already did a whole bunch of editing, play over and over some tracks, etc...
That is why I am still using bun file, basically to bring down the size of the project.
Yes, hard drive is cheap nowaday, but if the unwanted tracks are still there in a cwp file, you never know when they are going to show up when you go back to the project and do some more editing.
I just want to be sure. That's all. And I never understand why people have to feel so negatively about something like a bundle file.

It is a tool, a good one instead.
I charge my customers, so I don't want to make any mistake at all.
Now if you do music just for yourself, then you can do anything you want to. I guess.
Cheers.
dan
ps: again if you create a brand new project, with no editing, then bundle or cwp file will be at the same size.