this is what shedon brown says:
Riding a fixed gear on the road is excellent exercise. When you need to climb, you don't need to think about when to change gears, because you don't have that option. Instead, you know that you must just stand up and pedal, even though the gear is too high for maximum climbing efficiency. This makes you stronger.

If you have the option of gearing down and taking a hill at a slow pace, it is easy to yield to the temptation. When you ride a fixed gear, the need to push hard to get up the hills forces you to ride at a higher intensity than you otherwise might. Really steep hills may make you get off and walk, but the hills you are able to climb, you will climb substantially faster than you would on a geared bicycle.

makes sense