@Tristan - There have been legitimate reasons for Exchange to enable this. We are hearing some reports of certain Exchange monitoring tools requiring loopback to be enabled. We will look to change the behavior of these cmdlets. But honestly it appears to have been an optimization that was made for reasons that may no longer apply to Exchange code, a long time ago. In general we don't like to change behavior that has existed for a very long time due to the surface area that Exchange covers and the risk of regression. In this case however, closing a security hole made that a requirement. Our preference is to remove dependence on NTLM altogether in the product and that is the work that has been more important to us and that we have been working on.
It is a minor optimization based upon reports coming in from SCOM. We likely have to update our cmdlets, but I don't want to give the impression we haven't tested the cmdlets. It's hard for us to tell in a one-box topology what is real and what isn't when tests fail sometimes.