Earlier quoted context omitted.
The problem is that bread comes in different shapes and sizes and a lot of us like bread with a good crust. Not that I've used one in years but my recollection is that bread makers didn't handle any of that very well (nor did they really knead effectively). They were fairly popular at one point but they've pretty much fallen off the radar--I expect because they don't really make very good bread.
We used to have a bread maker and I would agree with your assessment. Not to mention; is it really that hard to make bread by hand? Genuine question since I've never made a loaf by hand. But I do make biscuits (American) fairly often and they're not that hard.
It's easy, but time consuming. The idea behind the bread machine is that you chuck in the ingredients 5 minutes before going to bed, and have freshly baked bread waiting for you when you wake up.