Object > Convert to Mesh from reference image empty

I suspect many people don't need all the features of "import images as planes" 99% of the time but being able to drag and drop an image into the 3d viewport and then convert it to a plane is something I would use very often if it existed.

The plane generated by this command would be scaled to the aspect ration of the original image and then not have the scale applied. I'd like to keep the scale info and manually apply scale later if needed.

Grease pencil recently got a feature for converting the lines in a black and white image to a grease pencil stroke. If it can do that without an addon I think this basic convert to mesh feature should be built in.