However, even under zero register pressure having a frame pointer is still an extra register that needs to be touched on every function invocation, extra instructions taking space in the I-cache, etc. It's a small thing, but it's still a cost that has to be paid by all compiled code.

I'm not going to claim that re-enabling frame pointers was the wrong choice -- the people involved in the debate know the tradeoffs and I have to start with the assumption that I would have made the same decision if I were in their position. It does make me slightly sad, though. The idea behind removing frame pointers isn't that backtraces aren't important, it's that computing the frame pointer after-the-fact is possible -- i.e. for normal functions without alloca() or dynamically-sized stack arrays map %rip -> frame size.

The problem seems to be that despite years of experience with "no-frame-pointer" being the default I guess the profiling tools never got as reliable or good as the with-frame-pointer variants. My personal hope was that the problem would fade over time as tools improved, but it seems that's unlikely to ever happen. After all, once no-frame-pointer stops being the default there won't be any pressure for tools to improve. The towel has been thrown in.