It's adding more leveling to end game which will work for a period of time while they work on content/loot for end game. It also gets MF out of the game entirely over the long term. That may be good or bad but it's a direction and not drifting aimlessly.
1.0.4 is going to create an altogether different post-60 game for better or worse.
---------- Post added 2012-08-20 at 04:21 PM ----------
This is one of the few things that I agree with Atrahasis on. Receiving stat points pre-assigned and receiving stat points that you can distribute yourself are very different things. Opinion here: One is a lot more interesting than the other. Once I heard about Paragon levels I had actually hoped that additional stat points could go where I wanted them to go. So that's a disappointment.