Hi Borislav,
You can indeed create an extension with custom C# code that would use Entity Framework libraries to do CRUD operations on an external database. I'm not sure if there is already a Forge component for that, though.
I think OutSystems opts for the most generic and vanilla database language, which is a variation of T-SQL. Even though Entity Framework is powerful, it is still not an industry-standard library, and some people prefer libraries like LLBLGen over Entity Framework. On the other hand, the generic T-SQL is known by almost everyone that needs to work with databases.
An official extension would be nice though, so I upvoted your idea :)