Those Octopus central box affairs were mainly used in Bungalows. I remember my uncle's council bungalow in Broadstairs Kent, was wired using this system, but also covered the sockets too. From what i can remember, it didn't look like a bad wiring system, all the cables in the box were in allocated terminal connections, it was neat and tidy and clearly marked. This Octopus box was probably purpose made for these bungalows requirements, all the switch and outlet box drops etc, were via PVC 20mm conduit. The central box was located just beside the loft access, which was pretty much central of the bungalow.
To be honest, although strange to me at the time, it didn't seem to be a bad wiring system. I can't see it being that useful in a standard house or even in most flat/apartments, but it well suits single storey buildings with a loft area...