A side note on playing blindfold chess : it forces you to think in terms of lines of force or areas of control rather than piece position.
My experience playing blindfolded is that when I move a piece, I try to remember if any other piece (mine or my opponent's) controls the destination square (for safety check), and if I target some square (let's say my opponent's castle), I have to remember which pieces can target that square or move to be able to target that squares.
This way, you're bound to improve your piece coordination thinking. Well, that's my experience at least. 
I don't think that blindfold chess will help most players improve their tactical ability and board vision. Blindfold chess is a different skill altogether. In my personal experience I find it to be the other way around. Pushing yourself to improve at regular OTB chess is a great way to improve your blindfold skills. All that energy you spend in a blindfold game trying to remember where all the pieces are does you no good in a regular game. That information is right in front of you, so in order to make the best use of your time, you have to utilize this information.