I've made my share of windshields in my time and I agree about the stress cracks, but a very big reason to smooth or polish the edges is to reduce or eliminate the chance of cutting yourself when you install it. Believe me, I have the scars to prove it.
^^^All of the above. Additionally, I believe that after polishing the edges, a good coat of clear on the edge helps seal the laminate and tends to prevent or reduce the "smokey" edge which sometimes appears later on. Stu