I also didn't realize that part of the idea behind these LL things was one of the rounds of wishful networking ideas of the 90s or 2000s, kind of a cousin of UPnP and mDNS in that way (in increasing order of eventual usefulness).
Considered completely in a vacuum, especially ignoring the WAN, I can see how it seemed silly that if you plugged three computers and a printer into a switch, rolling random IP addresses like this could have allowed things to be discoverable and to function locally (I thought mDNS or "Bonjour"/"Rendezvous" as Apple called it came much later, but I know my PCs could "see" each other with NetBIOS or whatever long before mDNS was invented).