I agree wholeheartedly with "targeting your target" with each stroke, and that's how I do my intervals. That, however, doesn't diminish the value of having an average for the lap displayed. I use it to see how well I'm keeping to my target for an interval, and when I'm not targeting a specific power, to see what I'm averaging. What I'm averaging going up one of our local benchmark climbs is of interest to me. It's a good indication of my form, and whether I should be able to push harder than I am without blowing up. Stuff like that. IMO, it's also of value for TT efforts. If I'm targeting 280, but averaging 260, that's good to know. Similarly, if I'm doing a training crit with a goal of minimizing my power, it's nice to know what I'm averaging, real time, in addition to looking at it later on. PM's are about information, and we each have our way of looking at it. Not offering a display because you don't agree with how it might be used is just silly.
That said, so far my SRM kicks the ass of the Quarq (4 different units) it replaced. I just forget about it, while the Quarq was always something to contend with.