As a developer of an extension I can attest to the fact that 'review' takes less than 1 minute when you upload new version. I think it's safe to say that there is no upside to the bs walled garden.
I wish there at least seemed to be some degree of review or reasonable sandboxing here. The closest they come is disabling eval-style behavior in 'background' scripts, but there's nothing stopping you from running command & control scripts from a remote origin in a non-privileged context and then getting up to your evil mischief anyway. Or injecting malicious code directly into gmail tabs.