I agree, Edward. In fact I've gone back to using Postbox, a pretty good imap client that uses Dropbox links or normal attachments under the full control of the sender.
But I would guess there's hope. While some design deficiencies are difficult to correct, the lack of a user-settable threshold in Mail is clearly not. The software is already in place for looking at an undisclosed threshold value. To change that to looking at a Preferences item should be trivial. And, it's hard to think of an objection to providing transparency and control to those who want it.
Also, @actionmarker, you raised some concerns about the security of the Dropbox links into the user's own storage. I don't believe there's any reason for concern, given how this is done. The link contains a long arbitrary string which maps to a single file somewhere in the Dropbox world. The proximity of our personal files to each other in folders isn't real; it's a metaphor that helps us deal with the complex reality of pointers and data structures that constitute the actual data. So, as long as the underlying technology (Dropbox or iCloud) is secure -- a big IF, of course -- the Dropbox approach should be as safe as any other.
I do worry about the late binding of the Dropbox approach, though, i.e. that a user following the link always gets the latest version of the file rather than the file as it was when the link was created. For some purposes that's a great advantage; for others not so much. Of course, the sender could always make a copy of the file that will be used only by the link if he wants a point-in-time reference.