In my personal experience with pea combed breeds, the three-row pea comb thing does have some weight, just not as much to me as things like color in the comb and masculine feather coloring. Males typically develop their combs sooner than females of the same breed, this is true regardless of comb type. A pea comb on a very young female is usually harder, sometimes even impossible, to distinguish rows of bumps on because it is so small and flat to the head, whereas a young male will frequently grow in a larger comb at a much younger age, making those rows more distinct. The three-rowed pea comb is equivalent in my mind to saying that a single combed breed has a lot of comb growth at a young age. But some younger females with pea combs do have more distinct rows, just as some single-combed females can grow in larger combs earlier on, and other masculine traits should be factored in as well before making a judgement call on the sex of a chick.
I don't necessarily think it's a myth, in other words, I just think people suggest it without realizing that it has its limitations, such as that at a later age females will generally also have three distinctly visible rows.