I believe this system was implemented because of the endless complaints by players that the party system in FFXI was flawed. I can't tell you how many posts I have seen in the past with titles like 6 hours with flag up and no group. The current system puts the onus on the player looking for a party to work instead of the party leader. I do however, miss the /sea command but that too was easily abused by griefers and stalkers. If you really want to party, set up a recruit.

This system is also nice that i can be out mining or farming on my pug. and still look for a party on my conj/thm/lnc/mrd/ etc. Try doing that with the old system.

While the old style of lfg was comfortable, I actually prefer this new style. Perhaps some hybrid of the 2 is the answer.