Panajev2001a
GAF's Pleasant Genius
That's kinda the point no? If you are correct, it's also a half assed feature that doesn't make much sense to use. Why would anyone want that, over a full implementation of the most basic functions, is beyond me.
Well, do not ask me if I am right, I am just repeating what SCE said at GDC 2004 in San Jose: integer LOD only and ...

speaks for itself, but you know that already.
Yes, the support for curved surfaces seems a bit of a waste of silicon, but I am sure people will find a way to use it.
I think Sony thought it would allow them to keep main RAM at 8 MB.