Yes, it still works as described.

This issue has 100% repeatability, please up vote!

This isn't only with food/ drink, it can be done with any item which has an animation. E.g. Bandages, Morphine etc.

Yeah I'm kind of having difficulty describing this.. Basically you can press f to pick up the item but if you open your inventory you cannot see it?
..Hope that makes sense.

Easily biggest bug in current build.

Downvoted, it is intended confirmed by Hicks. http://i.imgur.com/z5MDYyN.jpg

It's not a bug..

The attack is a bug as blocking hasn't been implemented properly yet.. At the moment it's just an animation.

..Because its not a melee weapon.

Your not meant to use weapons when raised I think its a part of the not yet implemented blocking system.

Remember when rocket said he wants melee combat to be like chivalry?!