I'm not sure what the FM demodulator produces when it's mistuned, but I'm guessing that you'd get pretty much no output, rather than white noise (since there's no frequency for the demodulator to lock onto). The problem for the user is that you wouldn't know if your batteries are dead or if you just haven't found the station. By adding a "hiss" between stations, the radio has better usability

If RTL-SDR is a good reference - when demodulating FM it produces pretty much the same noise you'd expect from a mistuned oldschool radio.