Actually, there is something extremely dangerous about doing exactly that. This is why every single car with cruise control tells you not to do it, that's why every driver's ed program tells you not to do it, that's why many jurisdictions have it in their driver's handbooks for new drivers. It can very quickly be DEADLY, if you lose traction, cruise control will generally compensate by flooring it, the absolute worst possible outcome.
I am reasonably certain, from having read up on this a bit after posting, that none of the sources that advise against using cruise control on wet roads did so factoring in traction control, etc. The Model S, should it lose traction, is most definitely not going to "floor it."
On the grand scale of functionality with risk if operated incorrectly, providing a speed-only cruise would be quite low on the scale as compared to much of the other functionality Tesla is already providing. They have given us the ability to change lanes automatically, without checking to make sure we're not changing lanes into one that has a vehicle in it approaching at a high rate of speed. They have given us the ability to drive hands-free while reading books at 85 MPH! No, I'm not suggesting that this is the proper behavior, and of course neither does Tesla, but it was being done. People can use the functionality Tesla has provided in ways that are far riskier than enabling a speed-only cruise setting on a wet road.
Edit: If car manufacturers really believed that using cruise control on wet roads was incredibly dangerous, why not just disable the cruise option when the wipers are on? Do you think the only reason they aren't doing this is that they fear people would then not use their wipers as a way to circumvent the safety measure?