I've mentioned before, I think the biggest misunderstanding about PADI's advanced course is the purpose of the course. It's mislabeled to say the least. It should be called Open Water Experience or Open Water Skills Enhancement, or whatever as long as it doesn't imply Advanced. It's marketed as a "for fun" course where you can "gain diving experience and improve your skills under the direct supervision of a Certified PADI professional". Even the marketing blurb doesn't make it out to be Advanced - so why the title?
As you've recounted in your post MISFIT DIVER most of us just do knowledge reviews in the parking lot by the open water site or in the galley of the boat. Again this shows there really isn't any formal classroom session, further supporting the goal of AOW.
But all of this only comments on the title being inaccurate. The strongest argument I've seen here that the content itself is flawed is the question: How ready is a diver, with only four checkout dives, to go to 100 feet? In fact the minimum standards allow you to take a student to 61 feet and pronounce the "deep dive" done - yet that diver would be certified to go to 100 feet!