But the fact is that AF as it is currently designed does work
extremely well and extremely reliably... if everything is
calibrated like it's supposed to be.
From personal experience, I would tend to disagree with the above, since what consists in perfect calibration seems not the same accross Canon camera range, which is not the sign of a well working and extremely reliable design.
An example is my Canon EF 70-200 f/4L, which came back from service for calibration with pics taken with an EOS 1D, itself adequately calibrated, that were showing perfect focus at all focal lengths. When used with an EOS 300D (back from calibration with a tool lens, so as close as perfect as it comes), the lens back-focussed in an obvious way at 70 mm.
Because it worked perfectly of their reference 1D, Canons service did not calibrate the lens as told. It had to be sent back to service, and Canon admitted they needed a different calibration with pro bodies and the 300D for thi slens, and tweaked them to a medium-term.
Did anybody hear about back-focus issues with the Canon EF 70-200 f/4L with series 1 cameras? The absence of issues may not only be due smart and professional users there
By the way,speaking about reliability, does your EF 50 f/1.4 USM lens reliably focus within 1 DOF fully open? I know mine does not. Actually, it does not even when stopped down to f/2.
Since I now own a few lenses that DO reliably focus, I am not that negative about Canon AF system. On the other hand, I would not call it "extremely reliable".