First and foremost, I see the new 12-volt driver as the motivating factor. According to reports, it will be pulling between 4 and 5 amps, with the highest draws occurring as the battery gets low. A change to unprotected, medium-draw batteries, such as the Sanyo NCR18560GA or the Samsung 30Q, assures that there won't be a problem supplying current.
The pogo pins have reduced electrical resistance compared to a spring. This means less voltage is wasted pushing current through the springs, and more voltage is available for the driver. That's what the designers wanted, more voltage for the driver.
Note that pogo pins cannot be compressed as much as a spring. Switching to them means that battery size must be more uniform. Unprotected batteries provide this uniformity. Thus we have a second factor motivating a change to unprotected batteries.
Now consider the protection circuits themselves. I am not an expert, but my understanding is that they consume perhaps as much as a tenth of a volt. That's not much, but any voltage not used running protection circuits in the battery can be made available to the driver. Since ZL was planning to build protection circuits into the driver, including them on the battery is, at some level, redundant. This is a third motivation suggesting a switch to unprotected batteries.
Once designers understood that these changes would be better for the driver, then they realized the flashlight size could also be made smaller.
All of this is pure speculation on my part, but I think it makes more sense than the alternative. Tossing out protected batteries has cost ZebraLight sales. All you have to do is read the ZebraLight threads here at CPF to see that that is true. Many previous customers have stated flatly that they won't be coming back to buy the new models. It does not make sense that ZebraLight would alienate these customers just to save a few millimeters in size.
If reducing flashlight size were the foremost motivation for the changes, I think ZebraLight would have found a way to allow protected batteries. If, on the other hand, driver design were already leading ZL in the direction of unprotected batteries and pogo pins, then the changes become more understandable.
This post was adapted from my previous post here.