If Steve Jobs were here I’m almost sure that’s what we would have. Steve didn’t sacrifice design for function, it isn’t hyperbole to say that he’d never release the design of the 11. Because he would not! Just look at it, no, a square bump added to the corner like that would never fly with his eye and focus towards clean premium design. This looks like a cheap afterthought and a way to save money by keeping the housing relatively unchanged.
Nobody knows what he would have done. Many of the old SJ phones haven’t aged that well IMHO - that happens as new versions get released.
My guess is that in time people will get used to these and then complain about next years redesign.