The successor to Exchange 2019 was originally going to be released years ago - Microsoft has updated its documentation now, but there are plenty of older blogs referencing it - e.g.:
https://www.techtarget.com/searchwindowsserver/tip/How-to-prepare-for-the-next-version-of-Exchange-Server
To delay for this long, then release something with virtually no new features, isn't really defensible.
As regards why you would need to extend the support for Exchange 2019. Seriously - how can any IT professional ask that question? Many organisations don't jump at the latest upgrade as soon as it's released (for entirely understandable reasons), and normally there is sufficient overlap in the support periods that it isn't necessary. In this case, the timing is clearly going to be very tight, so if Exchange SE is delayed, or has initial problems, or individual IT departments don't have capacity to jump immediately when it's released, there are going to be difficulties. We already have the unprecedented situation of there currently being no version of Exchange in mainstream support.
Those of us who use Exchange will have to work with whatever Microsoft throws at us, but please don't treat us like idiots - we can see this situation for what it is, and are concerned about the very obvious potential for problems next year.