its just a switch. a non-reversible switch. it's used for a single purpose - warranty claims. if you unlock your bootloader and your device "suddenly" becomes unresponsive, manufacturers have the right to deny your warranty claim.
google's nexus program typically does not follow this rule as they encourage the development and use of their devices, but as they work to make android more secure, i would not put it past them to start down the same path as the rest of the OEMs. Moto has stated that they will void your warranty if you unlock the bootloader on the XPE, even though they offer you the path to do so.
its a security risk and google should offer a path to root without compromising your system's integrity.