The advantage for large appliances would be not requiring the AC to DC conversion before the inverter which is driving the motor. I doubt that makes up for all of the disadvantages, and somewhere an even larger AC to DC conversion is necessary.
Some data centers are setup this way, but they start the centralized AC to DC conversion at a much lower voltage.
At the distribution level DC to DC conversion would replace AC transformers. Just the last stage of AC or DC to DC conversion from 2.4 to 32 kilovolts to 240 split phase, or whatever, is not easy with power electronics. Is this suppose to be economical and reliable compared to a large passive transformer made from copper, aluminum, and steel?
A pig pole transformer might cost $10,000. Can it be replaced with a AC or DC to DC converter for that cost?