You can place infinite armour stands in the same place: http://i.gyazo.com/b1d7b1270f44d5a961ecd92f5ba67a1c.png
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I would disagree, since the same happened with Item Frames when they were first implemented, yet that was considered unintended and was duly changed.
Does anyone still think ihat this is a bug, or is the community consensous that this is intentional?
Probably intended, since they are entities.