I disagree completely. A rotary is tool that is only limited by the user. In contrast with an oscillating machine, a rotary will break down the abrasives at a more even rate, over a uniform area, resulting in a more microscopically perfect finish.
Again I disagree completely but I will preface with my experience on the flex is limited. However, on harder paints or paints in terrible condition even a rotary at high RPM, wool pad, and aggressive compound can take a long time to remove the damaged paint. If it takes 5 or more passes of a compound and rotary I could only imagine how much longer it would take by something with far less working action.
On extermely soft paint DA action machines will install micromarring because of the uneven break down of the abrasives. A rotary is required for true perfection of these finishes based because of the more even rate of abrasive fracture (when used by a skilled user). Use a DA on soft Infiniti paint then wipe it with prepsol and you quickly see the damage installed by a DA on soft paint. A rotary will break down the abrasives further then a DA as well, which creates the potenital for a better finish. I should note that I don't have the experience with the Flex, but I would assume that it finishes better then a PC as well, because of the forced rotation.
I agree that in the hands of the average user the flex probably covers enough of a range to produce satisfactory results from most finishes. However in the hands of a skilled user, nothing will compete with a rotary.
I would rather have a tool that will allow me to take any finish to the highest possible level and that is a rotary. However, like you said, for the average user it may not be the best bet since it requires a lot of skill and learning experience to get maximum results.
A very interesting observation and another I agree with. A DA machine can absolutely finish down "defect" free with more agressive combinations of pads and polishes (you cannot finish a rotary hologram free with an orange pad but I have seen an orange pad finish to acceptable level's on a DA). However, the finish will never be a pure as a finish jeweled with a rotary, so it is always worth the time to (if you are going for the best possible finish) to finish with a rotary, finishing pad, and jeweling polish.