the hiding the sensors trick has only worked for 2 people though. in theory it shouldn't work period. the way it works is it more or less reads how fast the tires are rotating. an underinflated tire is not turning at the same speed as a properly inflated one.
not sure why they went to this style. the 80's vettes actually had the same kind of banded sensors ford uses now. 90's they went away. buick came up with imo the best setup in the mid 90's where there was a sensor in each hub and if they dropped below 5psi of recommended air pressure the light would turn on. and all you had to do to reset it was press a button in the fuse panel
sidenote if you're using aftermarket mags you will need the banded style most likely(if you get another set of sensors) the bolt in stem style ones will stick out at an angle and will not read correctly and you also run the wonderful risk of a tire guy who doesn't know what he's working with snapping it clean off