Does that 'allow' the classic use case of floats - potentially, what should be the only use of floats - wrapping text around an image? I feel like the answer would be "no", yet there's no good alternative for achieving this common requirement, which would cause a snag.
If you know you need to use floats to flow text around elements, feel free to use them! They're in CSS for a reason :) But if there are alternatives (such as absolute positioning) that work equally well in your particular design, then choosing an alternative may help you gain better performance.
I believe you're right. But I don't think this is a huge problem: you simply don't get the benefits of layout out that specific text in parallel, it'll render sequentially as browsers tend to do today anyways. You can still get parallelization in other flows outside of the container of the floating elements.
I believe it does, yes. The point is that when you clear them later, the browser has a static guarantee that that float will not matter anymore. So the complexity due to the float is only relevant until the clear, and it can parallelize before and after the clear.
