It still reaches equilibrium and adjusts to dynamics, and in the case where blockchain activity bloats, it prevents the whole 'bandwidth exceeded' debacle preventing all actions, instead of preventing the more expensive ones. I think the solution is quite elegant, for what its purpose was.

Agreed on newer users problem. That's still a problem but I think still usable. Though I haven't started from being a new user since the flip so I can't really comment on that. We should go find such a new user ;).