I notice no one has bothered arguing why unlimited reactions are bad.
Ok, so far the AI can do what we do, right? Do I really want an opponent to do an AoO, and a counter spell, and a shield spell and a readied action(if we get those) on one turn? Most probably not. And even if only our party is allowed to do it, would I want to just so you can turn a tactical game more arpg-esque...no, no I don't.