That's nonsense 100% of the secondary power is used and more importantly 100% of the primary power is used, i.e both positive and negative cycles are used which by definition full wave rectification.
You could use a 100VA transformer with a bi-phase resctifier and still happily take 100W from the output because although each side of the centre tap on secondary is passing double the current the duty cycle is halved so it's alright.
I'm sorry but you are wrong!
It's got a center tap secondary and only two diodes. Only 50% of the secondary of the power transformer is used at a given instant, thus if you have a 1000 VA power transformer you can only have a 500 VA (notwithstanding losses) DC power supply. You are forgetting the fact that you can't exceed the current rating of the secondary given VA in must equal VA out. Do the math and check a given transformer's ratings and see for yourself that this can easily be the case.
The current rating of the secondary is not simply a function of the duty cycle. Why? Because of the fact that you need to assess the current squared, magnetic saturation, impulse heat dissipation, the resistive thermal coefficient of the windings etc.
Remember double the current for 1/2 the time is twice the heat (at the very least).
Q: What is the current rating of a conductor based on?
A: Its ability to dissipate heat.
Q: It's ability to dissipate heat is based on?
A: The thermal resilience of the insulation.
Q: If you have a 1000 VA transformer rated at 240 / 120 and the secondary is center tapped what would you expect the maximum secondary current to be?
A: 1000 / 120 = 8.33 amps
Q: Can you then take out double the current for 50% of the time? Why not? You are taking out double the watts for 1/2 the time right? So it should not overheat right? And isn't the current carrying capacity of the conductor limited by the thermal resilience of the insulation?
A: No you can't because if we assume an internal impedance of the secondary of 1 ohm, then at the rated secondary current of 8.33 amps we would expect the secondary to dissipate 8.33 x 8.33 x 1 = 69.4 watts over time. However if we then say we are going to double the current for half the time we get 16.66 x 16.66 x 1 = 277.56 watts / 2 = 139.77 watts over time. Now you have twice the maximum rated wattage dissipation of the secondary of the transformer!