Originally Posted by Fantasm 
What the Adventurer's Hall is proposing is the best of both worlds. You can take your pick between the game's normal companions and all the content they offer, or go your own way. It's kind of like a classic party-based game with the pre-generated party again, except that you find those party members over time and they are part of the story..
It's not as innovative as you think. You could actually do the same thing in Baldur's Gate 1-2 even though it wasn't an advertised feature.