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But I would still define it as bloat, because I don't believe the feature would be commonly used
How can you tell for other people? The inability to remove the navbar was the main thing that barred me from upgrading from XP. If you like this new Microsoft's crappy handicapped Explirer, use it but keep your opinion with yourself!
There is no difficulty with navigation, if you want back you can press backspace. Additionally, I always use the option to open the folders in separate windows so the navigation buttons are always grayed out and non-functional.
Anyway, the Win 6.x (Vista+) navbar is just very thick and out of style and buggy and takes a lot of vertical space (compared to Win2000/Xp navbar) which is important on displays with smaller vertical resolution.
Many people allso use third-party navigation bars or prefer the navbar to be under the menu (rather than opposite). Either way one can do the navigation via menu as well.