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For you who think it's great,
I don't think it's great. I prefer the old method for all the reasons you list. But let's face it, the chances of that situation happening are incredibly slim.
If we're going to spend energy regarding dealer shadiness, how about a campaign to get them to stop rolling the stub, which I have seen almost every single dealer do during my weeks here in Vegas playing all around town. A lot of them squeeze it too. A lot of them flash the burns.
These things happen all day every day. Again, I agree with you completely regarding why this new procedure is iffy, but I gotta look at the odds on this one.
Heck, for a simple burn/turn, what in current procedure prevents the dealer from peeking the stub and then setting the deck on the reshuffle? That's ENTIRELY dealer-controlled, unlike the new 4-card flop policy.