I think this is a pretty good mechanical design in general because:
- large contact surface (like hex or torx)
- no chance of slide-out (like flathead) or torque-out (like Philips)
- you can use a different size screw bit than the screw, and it wont slide around, or destroy your nut like torx does with hex
Torx and hex already solve the slide out problem.
Which part of this makes you think "Hmmm yes this is great design"? What would bad design look like to you?