You all do realize that people are becoming new parents every day. Some of these new parents have never been baby sitters or cared for a child; how would they know that a hot dog is a choking hazard. Besides there are millions of people that use that tired old saying, "well, i did it when i was a kid and look at me!"
The warning should have been put on the label a long, long time ago.
If a label saves the life of one child, don't you think its worth your "aggravation" of seeing another label??
When my older son ended up in the hospital due to choking on a small piece of peanut (it went into his right bronchial tube and had to be removed), the surgeron told us some other food items to keep away from young kids are popcorn and gum, which many kids are given. If my child had choked on gum, chances are he would not have made it to the hospital.
Many things can be a choking hazard for children and children don't come with labels. Its not about being able to sue someone, its about the safety of a child.