I agree with Macky here.
Being an organizer and delegate, magic is one of the most troublesome events to hold, since people don't know how to judge it (even I did it wrong sometimes in the past

). And as I want things to be done properly, it's usually me and another delegate judging everyone.
Well, in our last big competition, we had about 120 people. 16 participated in the magic event. We had to call one by one and sometimes people are lazy/not paying attention/doing something else, and won't come to compete.
Also, little kids like to warm up before the solves, some like to borrow other people's magic, break strings and whatever. All that is taking my precious competition time...
You could say "just don't hold it". Yeah, I could do that, but people would be upset. Upset
with me, because I am mean and don't want to hold the simplest-dumbest "event".
Others have adressed the point that it's not a real puzzle, it's just doing the same moves every time. I also think an important argument is that you're allowed to do warm up solves before the official ones. Sure, people do 3x3 or other puzzles solves while they wait for the cube to be scrambled. But they don't get to choose what cube is the one which will count.
To those saying feet is also pointless: I think solving a rubik's cube (which is many many more times challenging than a magic) with your feet is much more impressing than doing the magic. So if I had to choose, I'd remove the magic. Also, if it were invented today, it wouldn't become official.
Someone said speedstacking is also dumb. So if they're doing something dumb, should we do it too?