eurodonkey--
The ultimate answer to your question is from the realm of psychology rather than physiology.
Sprinters aren't primarily runners--they are strength/power athletes first, runners second. As such, they like to think of themselves as unbelievably explosive and strong. A person can do vastly greater weight for half squats than for full squats, which is often much better for the ego--and sprinters are ALL about ego!
The other answer is that strength training is different from sprint training. Many serious strength athletes use wraps when training heavy. Full squats are much tougher on your joints than half squats, and wraps are used to aid stability and prevent injury--and they work well, if used properly.
Using them properly is a real pain in the butt, and is only worthwhile if you have somebody else who can wrap you up. You are then restricted from doing other things while the wraps are on, and taking them off and re-wrapping constantly is a big pain.
So you won't typically see sprinters using wraps, for example, when squatting. Without wraps, full or parallel squats are more likely to injure the athlete than are half-squats.
There is also the argument that half-squats more accurately reflect the range of force production in running. While that may be true, parallel squats develop hip stability much more than do half-squats, and that hip stability is very important in sprinting, especially in the first half of the race.
"Stress" on the back is a funny thing--you WANT to stress the back to a certain extent, so that your body can adapt and get stronger. For some, the back is the limiting factor when starting out squatting. Regardless of whether one does half or parallel squats, the loading on the back should be carefully considered--however, it is most often related to squatting form rather than to the weight used (although these can be conflated--that is, a lot of weight can be squatted, but after a certain point form will be adversely affected, meaning that there is an increased chance for injury even though the squat can be completed).
Split-leg squats are OK, but IMHO emphasize the negative over the positive. Step-ups onto a box or bench are better, and can use a barbell to good effect. Failure at split-leg squats can be horrible, but failure at loaded step-ups is much more forgiving--you just won't be able to complete the rep. Loaded step-ups are totally under-rated for sprinting, IMHO. I myself don't do them enough, and do parallel squats instead. There's just something more impressive to sprinters about putting lots of weight on the bar, picking it up on your back, and watching the Olympic bar flex. Again, that sort of thing is more about ego and strength than sprinting, but it is the reality for many.
One final thing about squats--there is a HUGE difference between FULL squats and PARALLEL squats. Full squats are analogous to what you see an olympic weightlifter do in the clean-and-jerk--your butt down near your heels, for instance. I have done them in training just to see what would happen, and after a couple of cycles, I could actually feel my joints degrading, I swear! Of course, I don't use wraps. Think of the mechanics of the knee joint, and you will understand why even parallel squats are infinitely easier on your body than full squats.
The upshot is that, when it comes to squats, Olympic lifters are animals, whereas sprinters are mostly narcissists who are trying to seem really strong while avoiding injury (me!).