Put Captain Solo in the Cargo Hold said:

Ric Olie's dialogue never really bothered me. It's just as obvious as "The Eagles are coming!" or "It's... it's a dinosaur!".

An exclamation is very natural. Especially if the purpose of the exclamation is to inform troops in contact that close air support is approaching. Purely expository dialogue is somewhat less natural. It is true that the ugly, no-name, never-seen-again pilot was talking to a child, but it wasn't natural. A real person might say something like, "Listen, kid. That shuttle belongs to Chancellor Valorum. He's pretty important. In fact, he runs the whole Republic. So don't say anything dumb or--you know, don't say anything at all. Okay?"

See? Natural. The adult is worried that the kid is going to embarrass him, he communicates to the audience who Valorum is, and he doesn't comment on anything really obvious like the urban build-up on Coruscant. We get a peek at what's going on inside balding pilot's head, and it sets the audience up to think that the precocious child is going to do something above his station. Describing what everyone could plainly see was didn't serve the audience or reflect very well on the oily pilot.

Also, if Anakin didn't say anything at all from that point forward, the trilogy would be much better.