Kevin Randall looks at the history of serials cataloging practices at Northwestern University, which used latest entry cataloging from the mid-1980s through the mid-1990s ignoring the standard of successive entry cataloging. He discusses some of the problems encountered in using latest entry in addition to its advantages. From the cataloging perspective, he mentions that quick copy-cataloging of successive entry records is often easier than local maintenance with latest entry cataloging. Randall's evaluation of latest entry versus successive entry is more balanced than in the Baia article. He also gives more credit to the potential of FRBR stating,
“If any ideal solution is to be found, it is in more sophisticated OPAC development to utilize data encoded in the MARC records." He goes on to say that it does not matter to the user if one record or several are used, what is important is the display of the data. Randall concludes that successive entry is “our only real hope” in the current environment.
You'll find Randall's article in the Serials Librarian, vol. 53, no. 1/2 (2007), pages 81-91.