The definition  of the numeric range (at the beginning of section 13) matches the definition of an integer, not of a fixed-point number. For example, the range specified is the range of an integer, not a number of 1.X or 2.X format. This doesn't seem to be a fixed-point specification in a manner consistent with other fixed-point operations commercially available. As INTEGER-ONLY operations go, these are likely useful instructions. As a fixed-point specification, this section seems to raise a lot of concerns.
Fixed Point math, itself, is somewhat niche. It mostly sees use in legacy audio and mixed signal applications. If it needs to be a part of RISC-V:

• Could it be a sub-spec, or an optional consideration? The implementation requirements to support these are non-trivial and seem to target a small use-case demand.
• Specify a 1.X format (or some fixed, deterministic point position). The current specification has no definition of a fixed point number format. The number format is implied, as a side effect in some instructions.
• There is a need for a fixed<->float conversion instruction (as used in signal processing applications on mixed fixed/float processing systems, or for conversion of data from e.g. ADCs/DACs).