Echo should provide notifications about your revision being "sighted" on wikis with FlaggedRevs enabled. I don't think it does now, only about your revision being "patrolled" using the built-in patrolling functionality in MW.
This would be a rather important and very useful feature; one of the wikis with FlaggedRevs is the Polish Wikipedia, which is getting Echo on August 20 per T53251. (I wouldn't consider this a deployment blocker, but it would be *really* nice to have it by then.)
See Also:
T53251: Install Notifications (Echo) on the Polish Wikipedia