1) Do solder irons really need this long metal tube ? We only use tip of the iron for soldering, other surface is useless (except for a grip). Is there are any solder irons with hot parts covered or less exposed ?
Generally speaking, Yes. It's done to get the heater away from the grip/handle so it doesn't get too hot to hold (or worse).
That said, not all irons are that long. Some manufacturers have made irons with a much shorter tip-to-grip distances for better control (very useful with SMD).
2) Do safety regulations tell us anything useful about this ? People have been soldering for >70 years. Is there are any improvements in soldering safety ?
A. Other than electrical standards, not AFAIK.
B. Yes. The auto-off feature built into some stations will reduce the chance of fires when the iron is accidentally left on when the operator leaves their station would be one example. The fact they're electrically operated rather than copper chunks heated by an open flame, and modern/current electrical standards vs. early electrical designs would be others.
Basic process hasn't changed, but the equipment has improved (degree varies, primarily depending on budget).