PG and company still think this is a great idea, because the software this forum runs on apparently also does the file system-as-database thing.
No wonder Viaweb was rewritten in C++.
EDIT: to those downvoting, my characterization of PG's response is correct. Its arrogance is undeniable, with its air of "look how smart I am; I see through the marketing hype everyone else falls for," as is its cluelessness, with PG advocating practices that will cause data loss. Viaweb was probably a buggy, unstable mess that needed a rewrite.