I expect that this is one of those topics where there just cannot be a single 'correct' answer. It's also an area where the designers' original intent - and it can be pretty hard to guess what someone was thinking fifty years ago - is confounded by changes made since then. Let me explain...
What is a crawl space? How is it constructed? What are the local practices, local conditions? These are questions that strike to the heart of the topic.
As we discuss this topic, over in the various 'save the world' forums they're advocating the complete sealing and insulating of crawl spaces, all in the name of 'energy efficiency.' This is ironic, as the 1980's were all about flushing air through the crawl space, to keep radon gas from reaching the house above.
Then there's the general code issues relating to fire protection, which generally frown upon connections between different vertical levels.
Even if the crawl space is ideal for use as a plenum, you need to be careful not to use it as both an 'intake' and an 'exhaust.' It simply won't do to have your cooking odors get sucked up into the bathroom.
My opinion? Well, that would apply only to a NEW crawl space. I think you need to -first- look at the existing space and see if it is adequately vented to the outside.
Assuming it is, I see plenty of 'pluses' to drawing fresh air from the crawl space. Mind you, as you draw air from the crawl, you might need to increase the venting of the crawl, Still, for incidental uses (such as fresh air for the range and water heater burners), drawing the air from the crawl space can work. Once you add a fan to the mix (furnace, range hood, dryer), it becomes more likely that you'll need more air than the crawl can readily provide.
Heck, I'd even like to use the crawl space as a source of cool air for my attic .... now THERE is a code / design challenge!
My point is that I think the code panels need to address the topic as a topic in it's own right, looking at the crawl space as part of the house as a whole. Existing code is inadequate.