So as it turns out, my work requires the Security+ certification to get an admin account on some of our networks.
I knocked it out on Friday without much studying (just some into access controls since I had forgotten all about them), and it was definitely a reasonable exam.
There were about 5 "hands-on" questions that involved stuff like recognizing attacks, configuring firewalls, and designing networks followed by around 70 multiple choice questions.
While the exam wasn't difficult, I might recommend brushing up on some stuff if you don't know or remember it (ports, rules, access controls, crypto, etc.).
Though I didn't actually learn much, it didn't hurt to brush up on some of the stuff. Additionally, it doesn't hurt as another HR bullet-point on my résumé.
All in all, not a huge waste of time, and it didn't hurt that my employer covered the time and costs of the cert.