There are a lot of things I like about that design, but there's no way in hell I'd be tied to proprietary abrasive wheels!
And why even put teeth on the hub? If it doesn't hold with just friction, that tells me that their design is lacking.
FWIW, I have a Fein "toolless" grinder, and their design is a solution in search of a problem. The truth is that I hardly ever use a wrench on my angle grinder wheels anyway. They shouldn't need to be wrench tight (except for steel plate wheels like diamond discs).
I’m fairly certain the Fein angle grinders with the Quick-In system were more designed for safety reasons than just for user convenience.
If you look at some the Fein tools designed when the Quick-In system was used on the angle grinders, most of those angle grinders also had safety electronics for speed control, shut off in case of power interuption, etc. even when the tools didn’t have variable speed, which is when the safety electronics are usually seen.
Most of the Quick-In angle grinders also had non-removeable guards.
Judging by the comparatively high cost, the grinders were likely designed for industrial workplaces for safety reasons, and to avoid the loss of wrenches, and to minimize the loss of the frinder flange nut, since the Fein version was larger and harder to loose.
As far as systems like this go, the Fein version wound up being a dead end, unless Fein is collaborating with Bosch on this, like they did with the oscillating tool system. And this does sort of look partially like the mechanism Fein used for the Quick-In grinders.
Norton tried a quick change abrasive sheet system for angle grinders, and while they did sell the system at Home Depot for a time, I’m not sure the system is still around, and it likely isn’t seen outside industrial work if it is still around.