You'd have a better argument if they got rid of the Library folder completely. Just because it's not a single click away anymore doesn't justify the slippery slope argument. OS X is not Linux. It's targeted to the general computer using populace and happens to be quite popular and useful for a very small minority of people like us. They still allow us to do everything we used to, it's just that they've hidden a few things that confused the normals out there. Big whoop.
Hold down Alt while clicking the Go menu to see your Library folder.