The modular plugs is a historical attempt on AT&T's part to make all their systems cross-platform compatible for upgrading and common parts purposes. While it may be dated in today's world of AT&T, Lucent and Avaya entities and spinoffs, it has/had its merits when introduced. The idea that you could simply install a 206 Merlin system to spec, then upgrade to a 3070, Merlin II, Spirit, Partner or even System 25 by simply unplugging and replugging was innovative and standards-creating. Very much ahead of its time in the 1980's, probably a step or two behind today.
If you consider today's systems rooms with all the patch panels and integrations, the "patch and play" concept is very valid for many installations. Using TowerMax protection and Cat 5e patch panels, I have several customers whose locations are built around that KISS premise. Less total connection points and with connection points that can be entered and tested by untrained customers with the assistance of Help Desk personel from long distance means faster, more focused repairs at less cost. For these folks, the ACS is a dream, with IPOffice following on in good stead.
So yeah, dated, but still very valid in ways the original designers never dreamed of in their future.