Yep, mostly due to cost and manufacturability, but there is some strength there as well.
Think about it, if you cut the bottom end of a rod, you have to then bolt it back together and re-machine the bore, and if for some reason the cap gets put on backwards, your tolerances are way off.
For the cracked rods, you forge the rod, bore it to size, then crack it. At this point, you've keyed it to go together one way. 95% of the time the bolts simply won't fit if you try to put it together the wrong way. There is also some strength benefit to it as well. If you hit something, where does it crack? Along the weakest area. So essentially you've taken the weakest section of the big end of the rod and made it into a joint.
Or at least that's how I've always understood it.
Oh, and Preloader: You know you want a flappy stick dogbox...