Maybe I'm all wet on this, but if you have to guess at what 50 Rated Miles means to you, how good is that? I'd rather have the car give me a "real" estimate as opposed to a gauge that is just calibrated linearly from 0 - 265.
On the contrary, I thing that would actually be more meaningful to me than a number that has no bearing on reality. Sure it's "noisy" and sure it won't be 100% accurate, but it would be a better reflection, in real time, of how far I can go. If, for instance, terrain or weather takes a turn for the worse, you're going to see that start to be reflected in your remaining range number as opposed to the Rate Range number which will just keep on merrily counting down at the same pace. There's been lots of stories of people who "thought" they had lots of power to make it to their destination based on the Rated Range number only to be stuck somewhere out of juice... especially in the winter.