Agreed. In my view this made the toolbar totally useless, as we have keyboard shortcuts for the other things on it anyway. But of course, out of all lack of logic, we now can't just hide the toolbar so we have this big ugly brushed metal bar in windows whether we like it or not, if we want to use the new finder features, i.e. sidebar.
I mean, you can put folders on the toolbar, but they're more useful in the sidebar; you can put applications in the toolbar, but they're better in the dock!
And, as if brushed metal didn't take up enough room anyway!