ECT is important in the implementation of vehicle stability systems. Even something as simple as Traction Control works far better with ECT, rather than trying to cut power by ignition retard or fuel cut. A full vehicle stability system needs ECT.
ECT helps make auto trans shift smoother, by pulling back power slightly during upshifts, especially at WOT. Some DSG systems will even blip the throttle during downshifts.
ECT allows for non-linear throttle control for different speeds. In come cars with powerful engines, the throttle response is intentionally softened at slower speeds to stop the car being "too jumpy" when trying to park, for example.
ECT plays a role in fuel economy. It has been shown that a wider throttle at a high gear during cruising reduces pumping losses in the engine, which helps mpg.
A throttle cable is not fail-proof either. There has been cases when the cable frayed enough to cause a sticking throttle. A rusty cable has similar effects.
Good points. Also with ETC they can potentially eliminate: the cruise control cable, a separate TPS, and seperate idle air control valve. There was good reasons for going to drive by wire.
I agree that ETC by itself is not bad. The Toyota's ETC implementation is bad. We have heard about the DBW hesitation issues in toyota/lexus cars since the beginning, annoying and potentially dangerous when one wants to accelerate fast and the software ignores the pedal for a few seconds (I know, they call it non-linear response, big misnomer). Now, we learned that the fail mode in ETC is WOT. Not very reassuring. Combine it with the lack of fail-safe solutions (cannot be terminated by braking and off button that is SOFTWARE operated and not intuitive, big no no safety speaking) and you have quite a few dead people. This is bad design and not just user error. If this was just user error, we would see constant rate of these accidents across time and brands. Instead, they exploded in Toyota/lexus after the ETC implementation.