My opinion is that pressure points are a manufacturing cost issue. Can a rifle be free-floated from the factory and work well? Sure. It's easily possible. But with the stock materials used in rifles today, many of those same free-floated rifles will no longer be free floating when a little "grip" is applied as the rifle is being fired, or some deflection occurs when the forearm is rested on a fence rail, shooting sticks, or such. Beyond that, since most factory rifles aren't bedded (or aren't bedded well), accuracy of floated barrels isn't always up to snuff.
So, what I see happening is that it's "easier" to make rifles 1" rifles by slapping them into moderately stable stocks with pressure points in the foreend, and no individual bedding work. It's also more cost effective, in a mass-production model. And so that's where most companies end up. But, if you want the absolute best accuracy, Chip is right - properly bedded and floated, and loaded, a rifle will shoot to it's potential. There again lies part of the equation, too, though, in that factory ammo and factory rifles are built to the "averages" and the attempt is not to make the most accurate rifle, but one that is relatively consistent and acceptably accurate across a wide range of variability in ammo and shooting conditions.