Well, 2009 says this:
2.7.5 Limits of Size and Continuous Features of Size
The note “CONTINUOUS FEATURE” or continuous
feature symbol is used to identify a group of two or
more features of size where there is a requirement that
they be treated geometrically as a single feature of size.
When using the continuous feature symbol, extension
lines between the features may be shown or omitted;
however, extension lines by themselves do not indicate
a continuous feature. See Figs. 2-8 through 2-10.
Then, in figures 2-8 through 2-10, it's shown that rule #1 must be satisfied and that "each cross section shall be within the limits of size". The examples don't address what happens when there's no cross section to measure.
The excerpt from the new Y14.5 draft that I posted above does show a part with no opposing points, but a profile tolerance is used. I don't think CF is needed in this case. Coplanarity of independent planar surfaces can already be controlled without CF, as shown in Fig. 8-14 of 2009. I'd argue that coradiality (same center and same radius) of round surfaces could be controlled in the same manner. Even concentric round surfaces with different radii aren't a stretch; it would be analogous to the "stepped" planar surfaces shown in Fig. 8-16 of 2009. I suppose I'd argue that any number of independent surfaces, of any shape, could be controlled similarly as long as all the basic relationships are there, a sort of simultaneous profile requirement with no datum referenced.
Anyway, to answer some of your questions, pmarc: I think we can confirm Rule #1 in the same way that we'd confirm it for an uninterrupted cylinder. Regarding the size, I don't know. Y14.5.1M-1994 has an interesting way to define size, not a 2 point measurement, but sweeping balls through a part. I do not know the status of this document, though.