This theme of cumbersome and unwieldy seems to be coming through a lot. Let me give you an example of my latest overnighter the other week. The bike looked like this:
So when I arrived at the site, I unclipped two clips to release the red drybag which had my down jacket in. Then two more buckles and my front drybag drops out. In here was the tent, sleeping mat and inflatable pillow all rolled up tightly. Once all that was up, I then unclipped two more buckles in the rear pack and unrolled the end to reveal my sleeping bag, leaving the empty bag attached to my seatpost/saddle. Then I unzipped my middle bag to take out my pan/cooker/gas and popped a coffee on.
I really don't consider any of the above to be any more of a faff than a traditional set up.
As for the wanting to be cool moniker, please give it a rest. I'm not trying to be cool, I just want to tour off-road in more remote terrain and this set up is much more suited to that approach than using racks and panniers. Yes it is touring, nobody is saying otherwise, but Bikepacking is just a more accurate way to describe it, because it's a combination of lightweight backpacking and bike touring.