Overall I would say that is a fair review of the lens Kevin, although I would like to make a few comments. Not in an attempt to de-legitimize your opinion at all, just to add my own views on the subject.
Re: the zoom ring position. Yes it takes a minute to get used to, but I was over it very quickly. I find that even though the positions are reversed of the focus and zoom rings, since the lens is much shorter I believe that the actual location in distance from the body is about where it was on the 70-200 2.8 L that I had (I haven't measured or anything), so my "muscle memory" so-to-speak finds it very easily.
Re: variable aperture. I understand where you are coming from, having a fixed aperture is nice, however generally just shoot the lens in M or Av as an 70-300 F5.6 with an excellent IS system, and if I NEED extra light at a wider MM I have some more to work with.
Re: TC compatibility. I don't know, I am part of the crowd that thinks that any lens that isn't meant to natively use a TC should never be judged with its performance with a TC, but since it seems like every week someone asks which TC to buy for that lens it is a fair point.
Re: Redundancy of the lens. Well sure, if you already have a 70-200 F4 IS and 100-400 IS I can see clearly why it would be redunant. The 70-200 is nice for the fixed aperture, internal zoom, and light weight, and the 100-400 has more length. However when I was choosing between the three to replace my 70-200 2.8 I felt the 70-300 was the all around best lens, being more compact when stored, balancing very well on an ungripped body as you mentioned, having that extra length built in and being sharp at 300 wide open, faster focus speed (IMO) than the 100-400, and definitely a MUCH more superior IS system than the 100-400. I also hate the push-pull on the 100-400, but that is just me. I use it on a 7D though, so maybe that gives it a more versital range than it has on FF. My only nit-picky complaint on the lens is that I wish it had a focus range limiter switch like every other L tele-zoom, not that the AF system isn't super fast, but when shooting action at a distance, it is just nice to tell the lens not to even bother trying to focus close.
To me 300mm on a cropper is JUST long enough to do some decent birding when I want to pack light on a trip or just walk around for the day, whereas 200mm was not, and by the time you put a 1.4x on the 70-200 F4 IS it is a pretty big lens again. The 100-400 was no smaller or lighter than the 70-200 2.8 that I was replacing. So for me wanting a one lens travel telephoto solution, the 70-300 L was the best choice, and I have been pleased as punch with it.