I've read the official documentation and I understand what class references are but I fail to see when and why they are best solution compared to alternatives.
The example cited in the documentation is TCollection which can be instantiated with any descendant of TCollectionItem. The justification for using a class reference is that it allows you to invoke class methods whose type is unknown at compile time (I assume this is the compile time of TCollection). I'm just not seeing how using TCollectionItemClass as an argument is superior to using TCollectionItem. TCollection would still be able to hold any descendant of TCollectionItem and still be able to invoke any method declared in TCollectionItem. Wouldn't it?
Compare this with a generic collection. TObjectList appears to offer much the same functionality as TCollection with the added benefit of type safety. You are freed from the requirement to inherit from TCollectionItem in order to store your object type and you can make a collection as type specific as you want. And if you need to access item's members from within the collection you can use generic constraints. Other than the fact that class references are available to programmers prior to Delphi 2009 is there any other compelling reason to use them over generic containers?
The other example given in the documentation is passing a class reference to a function that acts as an object factory. In this case a factory for creating objects of type TControl. Its not really apparent but I'm assuming the TControl factory is invoking the constructor of the descendant type passed to it rather than the constructor of TControl. If this is the case then I'm starting to see at least some reason for using class references.
So I guess what I'm really trying to understand is when and where class references are most appropriate and what do they buy a developer?