A headphone socket can report whether there's a jack plugged in or not - that one bit of information is the total extent of traffic in the reverse direction. There is no electronic standard for back talk from analog audio devices, and it would be pointless for Apple to try, because no analog device currently on the market would comply with it.
I'm not wrong. Apple could implement a new standard for handshaking. Only approved devices would implement it or identify themselves correctly. Current analog devices would be treated exactly as they will be using the adapter shipped with the iPhone 7.