Most mobile devices draw much more power than 500mA over micro USB as well, I was assuming this was in-spec now, it certainly seems to work fine. And many people have spare 1A+ chargers lying around as mobile devices tend to break before their chargers (ramshackly plug notwithstanding). Those chargers are usually really tiny, as well.
So I think micro USB is a fine choice. It also lets you draw from the fairly rich ecosystem of other USB power gadgets such as external batteries. I'd be really annoyed if they switched to a "normal" round plug.