"Hidey hole" means you have a bunch of wasted space in your device and encourages them to make the pen tiny, though. I much prefer the independent (and full sized) stylus. I rarely use the magnetic docking, though.
I fully agree about the pen falling off when bumped. I can't imaging Apple solved that since it seems like a fundamental side effect of the design.
I've had a Surface Pro 3 since release and have had to replace the stylus battery twice, so I'm getting ~1.5 years per battery. I would much prefer the old hidey-hole stylus dock to Apple or MS's current stylus docking.