I agree with it. It would appear that it's use is only intended for auto-x servers where, as mentioned in the patch thread, being able to see exactly where your wheels are is an advantage compared having to judge the corners of the car from the cockpit view.
I can see the advantages of non-cockpit views in other situations too, eg being able to perfectly place your wheels over kerbs and chicanes lap after lap, because you can see the damn things. That's not realistic. A single screen might be limiting, but it's a lot more realistic to have a cockpit than it is driving with a transparent car or an invisible camera boom sticking ten feet out the back.
Also, in case it hasn't been mentioned, it's only an option. If servers running it decline in popularity, then they'll take it off, or other servers will fill the void. Nobody is forcing anything on anyone, unless you actually want to win stuff in LX month, which is more than fair enough in my book.