In the main it seems to be a way of making the front end stiffer and allowing a larger weld contact area.
I was meaning by comparison to 1.5in rather than 1 1/8in, or did you mean tapered is supposed to be stronger than 1.5 too?
Bikes like the new Faith and Trek Scratch seem to me to have ruled out a lot of potential customers using these.
the majority of the force is taken by the lower part of the steerer and the lower bearings, there is little need for a 1.5" bearing/tube at the top so tapering it saves weight.
Yes, this makes sense, but I just suppose I'd rather have the flexibility of a 1.5in HT.