Such animals do exist, and are sometimes used where convenient. It cost less most of the time to go from a meter only base to a main breaker panel if that is allowed.
They're also a nice option for having power on site for construction purposes. A meter pan / feed through panel combo on a pedestal gives you the option of installing some GFI outlets and simplifies the construction of the service because it eliminates the need to connect from a meter pan to a disconnect. The Square D version gives you space for 8 circuits along with the feed through capability.