Good point ... one of the big advantages of mirrorless is the reduced size/weight, so having a smaller sensor size means being able to have smaller everything else ... frame, glass, etc.
That's where I get confused on the "full frame mirrorless" market like what Sony has ... if the sensor is full frame and a set size, don't the rest of the optics then dictate to an extent lens and camera size? Understand that some features like VC can be implemented in the body rather than the lens, like current DSLRs do, but it still seems to me that the overall package size wouldn't decrease significantly. Maybe the camera frame would, but glass too?
You are correct. Its physics the lenses for an FF sensor are the same size. The weight benefit of Full Frame mirrorless is lost once you attach glass. Many of the Sony lenses released for mirrorless are equal or in some cases heavier than the equivalent Nikon. The other thing in having too light a body is the camera system feels unbalanced when you have a tele lens attached.
The weight argument only works if you use smaller sensor and smaller glass. There are however other benefits that mirrorless brings like you said IBIS and focus peaking, silent shutter.