IMO an automated manual transmission is a useless compromise.
That is very subjective. A car with almost no internal inertia is almost impossible to drive easily with a manual transmission since it is very easy to stall. Lexus had given very specific reasons for dropping the Borg-Warner double-clutch they initially selected (Aston Martin for one-77, Pagani for Zonda, Lambo for LP700 etc. give similar justification), but most manufacturers are now only putting dual-clutch in their cars so maybe single-clutch might be headed for extinction:
1 - The character, sound and feeling of a single-clutch automated
2 - More reliable, simpler design and ability to handle higher revs (Guibo pointed out)
3 - The same transmission can be used for both racing and production
4 - Roughly half the mass of the average dual clutch
5 - Compact packaging