I'm sorry, but most of your assertions are blatantly untrue.
1) Extensions created with Jetpack (the actual framework, not the prototype based on ideas from Ubiquity) have to a large extent the same powers as an old-style extension. There is a certain number of capabilities provided, but if you need more, you can write your own capabilities, share them, or indeed use others users shared capabilities.
2) As an official Jetpack Ambassador, and Ubiquity core developer (as previously mentioned, the base of some of the ideas for Jetpack), I can honestly say that I have never heard talks about ditching regular extensions, except from user-comments on sites like Slashdot. Indeed, many of us involved with the project have addressed this issue on several occasions.
3) The idea was never for "normal people" to make extensions, it was to widen the audience from a very few XUL developers (I believe the number is in the low end of 4-5000), to web-developers in general.
There are several interesting possibilities with this, amongst them companies using existing web developers in their employment to create work-flow enhancing extensions quickly, and letting website developers create new ways of interacting with their site. Especially in the latter case, the extensive security model in Jetpack compared with old-style extensions, and the ease of install/uninstall is paramount.
Best regards,
-- cers / Christian Sonne