The 8086 was a stopgap measure to accommodate the fact the iAPX432 was in the middle of turning into the disaster it did. Given the engineering resources and timelines involved in the 8086, it wasn't a bad compromise approach.

> But more importantly it kept the x86 world for too long in that dead end that was 8086 mode programming > > "Oh if developers would just..." They won't. They haven't. And they will not ever.

8086 real mode programming in the mainstream lasted from 1981 until 1991 or so. The last 35 years have 32-bit (and later 64-bit) flat model addressing with pages for the most part. Seems like a reasonable transition period, really.

> In hindsight maybe a binary level translator from 8080 to 8086 would have worked better (and be simple enough)

Part of the reason they liked the segmented model is that it was possible to set the segments to the same value and then ignore them entirely. That gave a programming model for the 8086 that was sufficiently close to the 8080 that it was possible to use a sort of cross assembler to do something like what you suggest. You could then opt into 8086 specific instructions and segmentation as you needed. (Which took a few years... the first IBM PC's shipped with as little as 16K of RAM.)