I have to agree with Chris on this one. Every standard I've encounterd had one part or assembly per drawing. Generally you want the fewest sheets possible to identify the part. Tooling assemblies tend to be the exception since both the toolroom and production generally only refer to the complete assembly. Also, many times tools won't share components from one tool to another.
Essentially what you are doing by having one drawing, with a sheet for each component is the same exact thing, but cramming all the information into one file. That complicates PDM applications.
This can also complicate ECN processes. If you are using the component on more than one unique drawing, it should have a separte file. Its poor practice to have the same component dimensioned on multiple drawings. HOWEVER, if you never reuse the component then the same logic as tooling would apply.
Finally, the first page rev table logic attempted to save extra table being imbedded on the other sheets. If you change sheet 12 information, you'd want that displayed on the first page. Otherwise it runs the risk of being overlooked. Think of the first sheet as the summary for all that follows.
I would never allow multiple rev tables on separate sheets within a drawing. All around I see the practice as a problem. But to those who insist on doing it, I'm glad Solidworks will allow it.