if you don't care about backwards (POSIX) compatibility....nor overall performance, as the benchmarks in chapter 9 show. Apparently BFS is very good at sequential accesses (but then, so is FAT... which has probably become the most popular filesystem in use, especially in embedded devices) but performs poorly for a lot of other operations.
This book also reaffirms a common adage that books with "theoretical" in their title tend to be very practical, and vice-versa... but then again, it was written at a time when a lot of people were betting on BeOS being The Next Big Thing and they never expected the current dominance of Linux and Windows.
Ultimately, it seems the "keep the filesystem simple and build further abstractions inside files" design has lead to the greatest success, because it's more flexible and allows more interoperability --- building too much "intelligence" into the FS, proprietary or otherwise, makes it harder to exchange data with other systems, whereas you can e.g. move or copy a file containing a relational database between systems and operate on it more easily. Filesystem drivers are usually implemented in the OS kernel, and so it makes sense to keep them minimal from a reliability and security perspective.