Well - the way I figure your at least diluting the contaminates with more clean grease
Also - if the bearings are cared for properly, and the car was designed with bearings that could hold it's weight, they should never fail. The metal never actually touches - the bearings ride on a thin coating of grease - the only way a bearing can wear out is it's it's got too much weight on it (thus sqeezing out all the grease), or if it's running dry, or with contaminated grease. So saying that they shouldn't need regreasing till they fail if properly installed doesn't make sense - if they were properly installed, they should never fail.
Of course this isn't a perfect world, and they do indeed fail because of either improper installation, or seal failure, which lets in contaminates, and water (even clean water will ruin the grease), and lets the grease leak out.
For these reasons I like the idea of a grease fitting - it would allow you to just replace the seals without having to remove the hub and pound the bearings out of it. Just remove the seals from either side, and pump in new grease till it runs clean from either side - new seals, and put it back together. This way you could prevent failure of the bearings for a long time I think.
GD