Introducing the new Extensions menu on the toolbar

Happy to see I'm not the only one who finds this a step backwards. I already sent feedback about this but I'd like to join the crowd here in my finding this "feature" awkward and not very well thought out. Honestly, who didn't know that you can hide extensions simply by dragging the search bar; and if they didn't, why add this instead of just letting them know? In any case, seeing the feedback here (and the reply to my direct feedback) I expect the old functionality to be restored and the extension button to be re-implemented as an optional addition instead of replacement of a perfectly functional feature.