I've already worked with a couple of companies that have been bitten by assuming a device has either touch or mouse, but not both. They had code to the effect of `if ( touchstart in document ) { attach touch events } else { attach mouse events }` but then they ran into Chrome on a Windows 8 system with a touch screen. Whoops. Now their site only works if you touch the screen.
If you think this is "only a problem on those crazy Windows 8 notebooks" then you're not thinking ahead to systems that will use a Kinect, eye tracking, or some other advanced technique to implement pointers. Devs are really going to hate it when those interesting input methods are sliced and diced into mouse or touch (or God forbid BOTH) in order to shove it into Apple's 2007 vision of a web page input world.
Creating UI widgets that work well everywhere is a non-trivial task that is frequently underestimated.
What this really highlights is the need for high quality UI toolkits which abstracts these details. If a developer is complaining about supporting mouse and touch, then they're most likely missing out on many more details and should be using some pre-built components instead.
Many Chromebooks also have touchscreens.
Note that even Microsoft acknowledges the "touch events are here to stay" argument: IE mobile now supports touch events: http://blogs.msdn.com/b/ie/archive/2014/07/31/the-mobile-web...
For example, we've built better layout APIs (grid, flexbox, etc). Table layout still exists and is probably "here to stay". But we've nearly eradicated it from the modern web and moved the web into the future of responsive design. We can do this with input too.
I'm not totally convinced by the Blink argument – the fact that "touch events are here to stay" is irrelevant, given the unifying nature of pointer events; "fast by default" is a noble goal, but must be a trade-off with functionality; and the whole event-handling-scrolling mess doesn't seem like enough of a deal breaker to preclude tweaks to the spec to fix it.
That said, I'm sure they've had extensive discussions about it and made this decision for a good reason - I hope they now push ahead hard with an alternative solution to these problems.