I think Apple is probably targeting the light-weight users and trying to attract new users. Advanced podcasts features are something relatively few people care about. I listen to several podcasts daily and 99% of the time I just press play. I don't care about setting speed, bookmarks, or any of the other featured apps like Instacast (which I use) offer.
It's great that these apps are still available on the store and good for the developers that Apple hasn't just killed their business with a free alternative.