Aqualung's rational is gimmicky in my opinion. They market it as if the I3 mechanism will be enough to dump all your air exclusively at all times. It activates both the butt dump and the shoulder dump. Why they decided to also keep a manual dump should start you on the thought that it is gimmicky (the thought process and marketing; not the system itself).
On their website, their I3 feature page statements goes as follows:
SAFE
The i3 (patent pending) allows you to take control of your diving. Mastering buoyancy control is one of the most difficult skills to learn. The i3 not only makes the skill easier but eliminates potential out-of-control-ascents caused by a diver reaching for the wrong dump valve. The i3 also allows for rapid location and activation of the inflator to establish buoyancy at the surface in case of an emergency.
EASY
The i3 is simple and intuitive. Move the lever up to inflate; down to deflate your jacket.
CONVENIENT
Unlike a traditional inflator at the end of a floppy hose, the i3 never moves. It is stationary at the same location where your left hand normally rests. It is always in the right place at the right time.
Portions I've highlighted in red aren't completely true. Any normal person should be able to tell if their butt is above their head, so it's not rocket science to know which dump to reach for. Although I will point out the bad habit that some divers have on relying on their inflator hose exclusively. (Let me get back to that point)
If you tap your shoulder and trace down on a traditional inflator, it's just as fast as finding your I3 mechanism. And for the last red highlight, if your BC doesn't fit well, the I3 will shift when your BC shifts.
With a traditional inflator, you can use a loop of bungee to keep it in the same relative location, even on stock BC's. Just thread bungee through the webbing holding down your shoulder D-ring, and tie it into a loop.
And the fact that the I3 will not dump all your air in the horizontal position, meaning you have to use the manual shoulder dump or butt dump, this completely contradicts what AL is implying, that you can rely on the I3 exclusively. You cannot, so isn't doing just that "reaching for the wrong dump"?
So to answer your question, I think it's a poor design to exclude the manual butt dump. You will still be able to dump all the air you need to, but you may have to trim out to an extreme at times to wiggle that last bit out if needed. Keep in mind your BC didn't fully deflate because there was no pressure pushing all the air out.
If you gave your BC a squeeze or dipped it in water, it would fully deflate from the highest dump. The same goes for any BC; ambient air pressure isn't enough to fully deflate a BC.
The I3 in itself isn't a bad system, but the thought process into integrating it into the BC as a whole is a bit lacking.