Lonewolf, we agree about the pilot out of the loop.
The need is to address the total man-machine-environment system.
Generally the industry has a good record with AT systems; I know of at least one other aircraft which had similar logic to that in the 777, but, now 23 yrs on, without any problems.
What strikes me as a difference is the 'recent' need to consider bounced landings, particularly in larger aircraft, and thence using automatics to trigger a simple manoeuvre (environment-design-training/behaviour).
Why a difference, what has changed, why, apparently, is this only a problem with larger aircraft ???