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I think there's an honest difference of opinion at work here. Omni uses OmniPlan for their own project management, if you read Ken's posts early in the thread. Presumably, if they found the current situation completely unworkable, they would have put more effort into addressing it. It also isn't accurate to imply that they've just been sitting around twiddling their thumbs for the last 5 or 6 years.

Are there other products out there that provide this functionality?

You can also take the approach of putting everything in one massive document. Far from perfect, but if having that overall view is the most important consideration, you may have to do that if OmniPlan is the tool you are going to use now.