I'm not sure I buy this. Proponents of this theory, please address the following points:
1 - iPad is equally as likely to be dropped (maybe even more so because of its size) and it has a unibody frame without any seams. In fact, not only are the sides one piece of metal, the entire back is as well.
2 - Why 3 seams and not 2 or 1? Why is the top seam placed off to the side?
3 - The dock connector provides a point of shock absorption where vibrations resultant from a drop would dissipate to. No need for seams to accomplish this. If anything, if Apple wanted to create a shock absorption area, the bottom would be the best place as it would result in much less visible seams, keeping with Apple's clean designs.
Larger items like computers tend not to get dropped as much as phones, which are constantly moving in and out of bags and pockets. And I would assume that the iPhone's situation is different in that it's allegedly encased in a brittle material on both front and back, meaning that any pressure from the sides is likely to crack or shatter one or both of those surfaces. Impacts on an iPad would likely be absorbed as much by the case itself as the glass, although a corner-on impact would, I'm sure, shatter the screen.
I can't speak for the logic behind three distinct seams, but the teardowns seem to show that they are filled by a rubber material that protrudes into the guts of the phone, which tends to support the shock absorption theory. I would guess the top seam is placed off to the side for aesthetic or internal layout reasons.