It's more that the other formats just so happen to work, but aren't explicitly intended to be supported. It's the same with that some other sample-based formats might work if renamed to an OGG extension, as the "load music" function is fairly generic and not format-specific (however, the function that loads info on looping points is very much OGG-specific, so any non-OGG sample-based formats would be stuck as looping the whole file, not able to loop a specific section of it).
So, while they will work, it's also worth noting that if for some reason a format other than OGG or IT doesn't work at some point (at least during V1.xx series, I'll probably improve the situation for V2.00), I'm probably not going to try too hard to fix it.