I'm not alone in my opinion. And really, Google should know better than to add so much chrome to their famously simple interface, and add it in a way that it can't get removed by users who don't want it. Didn't they just release a new browser with the ironic name Chrome.
In software lingo, "chrome" refers to the borders, frames, toolbars, etc an application or website uses... and Google's Chrome browser has almost none of it. The new iGoogle interface, on the other hand, is positively dripping with it. It's a chrome infection and it needs to go!
I hope they undo it. I really, really hope they undo it.