Indeed. My proposals to eliminate 310.15(B)(7) and move it to Article 220 where the concept belongs were met with resistance, to say the least. I can't understand what part is so hard for them to understand any more than they can understand it. Except Mr. Mellow, as I recall.
If the load calc is wrong, fix it; don't slap too large a breaker on too small a wire and then say "Well, the wire will probably be fine anyway." That is exactly what we do, only in this instance, and it is justified with "we've done it that way for years."
Meh.