I think the main reason for that arrangement is efficiency, and thus thermal management. Using a linear regulator to get, lets say, 3.3 volts from a 12 volts source means a lot of wasted power. Using a switcher to first generate something like 5 volts, and then a linear regulator to generate the final 3.3 volts is more efficient and produces less heat.
Also, with a suitably designed switcher there isn't much higher frequency noise to handle. Using good filter caps, and a decent linear reg should generate a rather clean and stable output.
Greetings,
Chris