Why do we have to have different levels of warnings?
Because there is a
big difference between a storm producing 0.75" hail or 60 mph winds and an intense bow echo that's producing 90-100+ mph winds. In fact, this is much the same as the reason why we have "Winter Weather Advisories" and "Winter Storm Warnings" (and "Blizzard Warnings", etc); the reason for the Extreme Wind Warning in hurricane eyewalls is to stress the enhanced threat in that area from the much more common (spatially) "hurricane warning" areas (though it could be argued that there's very little anyone is going to do upon heading that an EWW is issued for their area -- chances are, they aren't moving much once they've hunkered down). In both cases, it is important to convey the level of impact a particular hazard is likely to cause. Sure, it is, at times, difficult to pick out the extreme events, but I certainly think it's worthwhile when considering the drastically increased potential for damage associated with "extremely severe" thunderstorms (e.g. winds above 70kts). While some folks may not want to be awoken at 2 a.m. for "only" a severe thunderstorm, it can certainly be argued that an MCS producing widespread 75-100 mph winds has a much higher probability of causing significant damage, injury, and death than a weak tornado that's down for only 10 seconds.
I know the tornado warning tends to elicit a stronger response from the public, but that's partially because we have some many relatively "innocent" severe storms that cause little to no damage to the areas affected. C'mon, how often does 0.75" or 58 mph winds cause much in the way of damage or injuries? Sure, there can be significant agricultural losses, but there's very little a farmer can do when a storm producing "large" hail is approaching -- it's not like the farmer, upon hearing the warning, is going to put a giant tarp over his acres upon acres of corn! Meanwhile, Joe Public sees his trees sway and some 0.75" hail hit his car with no consequence. This is digressing into a different discussion ("are severe criteria too low?"), but it is, IMO, part of the reason why tornado warnings tend to be received by the public differently than severe thunderstorm warnings.
Regardless, the relatively lackadaisical response that many have to svr thunderstorm warnings is actually part of the reason WHY we need an "extreme severe" warning. Again, 100 mph winds can cause significant damage and injury, so I would would think than an operational meteorologist would like to stress this greatly increased potential for damage and injury by separating it from the "plain-jane" severe warning (which, in my experience, many folks shrug off). If this occurs during the evening, the TV and other media mets can disseminate this specific info and stress the increased potential for damage, but what about middle-of-the-night events, or events that occur when folks are watching cable or satellite?