What's wrong with this? Well, from my perspective it's now basically impossible to land a job without either knowing the people hiring (i.e. networking, something we nerds are bad at) or lining the pockets of some talentless parasite who's found a way to insert himself into a high-value transaction.
The "only work with the ones you like" argument people often respond with completely misses the point. I believe it's based upon a misapprehension of the dynamic - nerds see "agent" in their job title and assume something like a literary agent, someone with incentives aligned with their own who'll pimp them around a variety of potential employers. The truth, however, is that agents aggressively pursue companies for leads (I've been on the hiring side too and had dozens of calls a day) and some actively threaten companies ("use us or we'll poach all your staff") into using their services. The social engineering they use to navigate the corporate phone system to reach decision makers can be quite ingenious. Companies with the backbone to say no are sadly rare, so from the the applicant's side if you see a job advertised and if you want it, you have no choice but to to kiss the agent's ass for an introduction to the employer.
This rent-seeking behaviour generally nets the agent a sum equivalent to the first few months of the applicant's salary or 10-20% of their contract rate for as long as they stay there. The only real service the agent offers in return for this is spamming nerds who they'd like to apply (as happened to the OP) and weeding out obviously bad applicants to save the employer's time.
Since writing that essay I've flat-out refused to have anything to do with recruitment agencies. Internal recruiters are fine (hey, if you're hiring a lot that's totally a specialised job) but I take the use of a recruitment agency as a sign that an employer either 1) gave in to an agency's aggressive sales tactics or 2) has a reputation so poor that putting their name on job ad actively discourages the best candidates.
In short - most recruitment agencies (at least on the London scene) are dishonest, greedy, target-driven parasites. They aren't your friend and the more you feed these people the worse the market gets.
Just say no.