The new API allows us to read the object bit by bit from the packfile,
instead of needing it all at once in the packfile. This also allows us
to hash the object as it comes in from the network instead of having
to try to read it all and failing repeatedly for larger objects.

This is only the first step, but it already shows huge improvements
when dealing with objects over a few megabytes in size. It reduces the
memory needs in some cases, but delta objects still need to be
completely in memory and the old inefficent method is still used for
that.