The 7 degrees offset helps with not only tall people, but really big, topheavy orchestra basses as well. I was raised with the metal straight endpin and was of course very skeptical. But I messed around with a friend's eggpin and really loved the offset feel with my big French bass. I got my bass drilled a few weeks later. I love it and will never go back!
Oh! You are all missing one of the most important reasons for the drilled, bendy pin: The sound! Everyone should play their basses as normal, then take out the big metal pin completely and play some more. The difference in resonance, volume, and good tone will knock your socks off! If you decide to stick with your traditional metal pin, saw off the slack. That also makes a big difference.