There are two aspects to consider when answering this question:
1) It is true, Black can equalize, so for masters, this is not really a great choice, unless you are the kind of player that just wants to have an equal position with little chance of losing and grind out the game to see if you can win it at some point. This makes it a very unattractive opening for masters.
2) Among amateurs, it is likely that the person playing black is not very familiar with this opening and as a result will not know how to go about equalizing. So if you know the system much better than your opponent you have a definite edge, no matter what theory says.
The issue with starting to play the Torre is that as you go up in class, you are going to start seeing that players do know how to equalize and therefore, if you want to play for an advantage with white, you are going to have to learn a whole new system at that point.
I was thinking about introducing this opening in my repertoire, and then I started searching for some more information. Well, the oppinions I've found differ a lot from each other. Some say it's a very respected opening even among GM and a dangerous weapon, whereas some other say it's no problem for black to equalize (I think this latter was a book review at Jeremy Silman's website).
I've just played the Torre very few times, but I've won all of the few games I've played with it in such a crushing way that I started thinking that maybe it's not that easy for black to equalize as I've read. Or at least maybe not at this non-GM level.
What do you think of this opening, and what experience do you have?
Thanks a lot in advance.