Perhaps not on the grey one, but the other two are blazed hues of anodized aluminum.
Sure, it makes the thing look like a gun. But there's a reason guns have pistol grips. They work well for the intended application. They're functional.
Without any kind of grip, this thing is an awkward tube that takes pictures. Perhaps it could work as a spyglass, but because of the touch screen you can't raise it directly to your eye. So you have to fumble it between two hands trying to aim and shoot. Have you ever tried to point a 10ft. pole at something with just two hands? It's very difficult. I'm envisioning the same difficulty trying to take a picture with any level of zoom on this thing.
If they put a touch sensitive screen on the back you could even re-focus on the fly!