Did this system ever work in a way where you had actual results the day after the election?
So, based on the predicted results of Ohio (where people were apparently still voting at midnight? Where over 100 000 ballots won't be counted for the next 10 days? And on which the news agencies can't agree? [They also can't agree on Michigan?]) - Bush may have won? But like last time, nobody will know for sure for some time?
And I thought only this Electoral Votes system was weird.
*is fatalist*
*settles down to wait anyway*

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My guess is that it was probably originally intended to ensure that all of the ballots had been received before they got counted--in case there were hold-ups with the overseas post, as might well happen in a time of war, perhaps? But I really don't know.
I think it's just one of those quirks of the system that nobody really thinks too much about until it becomes a problem...at which point it is much too late to do anything about it.
And also, as you say, changing things like voting protocols is always difficult.