The 'new' toolbar is higher than the black one, taking up more space, every site seems to transition to those sticking toolbars that do not go away when I scroll down. It's not about content anymore, it's about navigation and sharing. The toolbars from 10 years ago you could actually deinstall, this one unavoidable.

And this 'save a click' argument is just silly. Hover still means you have to target two points.

What's is funny though, the Google-bar at the bottom would at least make sense on a chromebook, but at the top they always suck, because contrary to an OS taskbar, they don't provide an invinite mouse target because of the Tab-bar.