I'd say no. The protrusion is within the barrel, so weather sealing has nothing to do with it. Likewise, the protrusion does not touch the lens being paired with, so no affect on mechanical stability. One effect is that it makes the lens + TC combination a few millimeters shorter than it would be if the outer barrel was extended to be flush with the optics.
View attachment 209280
The main reason, from what I can tell, is to restrict extended compatibility to only those lenses Canon wants to be compatible. For EF, ‘official’ compatibility was restricted to L lenses 135mm or longer. When the 70-300L came out, it was listed as incompatible with the extenders, but that changed ‘officially’ with the 1D X firmware update that enabled f/8 AF, when the 1.4x was listed as compatible (even though it was not reported to the body, since the lens lacks the three extra pinouts). However, the EF 70-300L was compatible in the same way that the RF 100-500 is compatible, i.e. only at the longer end of the zoom range.
Me, too. If such a TC is announced, I'll preorder it. But I am concerned about IQ degradation at 1x. Still, I would be willing to trade a slight IQ at 1x hit for the convenience of 1x, 1.4x, 2x switchable.
I'm not yet convinced it will be 1x / 1.4x / 2x. It may be just two position, without the 1x option. Time will tell.