Hmmmmm....Seems that no one knew the answer! Well, I finally found some information on the subject and I'll share it, just in case anyone was curious.
Resistive/Slew Rate compensation is needed to "compensate" for the variations in operating conditions a chip may experience due to PVT (process, voltage, and temperature) or PCB layout. I have found this "problem" to be a concern for the I/O designers of a particular chip.