I've just been "having a chat" with Sitecore support on this very issue. The concensus seems to be - paraphrasing what they said a bit - "We think it'll be fine if you change it. You should test it thoroughly, rendering deltas, page editor Work and so on".
I can add a few comments of my own; unchecking "shared" on __renderings, does appear to Work. At least at the initial glance. I've heard about this being done in solutions before and I've never heard any ill effects come from it.
And yet; whenever you mention it; you get a LOT of nervous responses and comments like "you really shouldn't be messing with Sitecore standard setup". And while a valid point indeed, I'd like to add a point of my own to this debate:
Given that, from an API perspective, there is very few things that are different when reading a field value from a "shared" field as opposed to a versioned one - I also believe there are very few potential cases where "unsharing" it would pose a problem.
Or in other words - I consider it low risk. But I've never had a real life solution running in a live environment either, with this setting changed :-)
I'm sorry, but I don't have a direct answer to your question - WHY Sitecore set it up like this, I belive to be part of Sitecore's heritage: The idea that multiple language versions of a site should be just "layered" versions of the exact same pages and therefore presentation details might as well be shared - presumably for some performance gain. I am not entirely convinced this vision still quite holds today - where editors daily "page edit up" new components on new versions, and set up special sale banners and related content weeks in advance.