Good summary, OhSix!
The OTW exchanger most definitely IS a pre-heater! That the OTA cooler eliminates some of that heat is true, yet consider: The OTA cooler will, in most climates, cool the fluid the majority of the time. The OTW exchanger raises the start temp from which that cooling begins. So, OTW is still a very effective pre-heater.
It would be ideal if the OTA cooler had a thermostat that allowed the fluid to bypass it until it reached a sufficiently high temp so as to 'need' the auxiliary cooling it affords. However, that adds cost and complexity that is likely not deemed necessary or useful for this kind of application.
And you're absolutely right that the pre-heating is for mpg/CAFE reasons. Too, Honda places a lot of emphasis, including marketing efforts, on a certain ideology that is to do with not just efficiency, but relatively low usage or consumption of 'stuff' (fuel, oil, maintenance items, and so forth). There are many, MANY SAE papers and other technical publications dealing with ways to eke out _very_ small increases in mpg. GM has been doing it on a large scale for perhaps the longest time of the majors in North America.
Again, very well done, and thanks!