Well, de gustibus non est disputandum. The Awfulbar isn't an advantage if I'm navigating to, e.g., slashdot.org, or en.wikipedia.org, or nytimes.com. It is an advantage if I am going, say, here: http://www.economist.com/blogs/democracyinamerica. I can type "dem" in the Awfulbar, and it will find it. If I can't remember the URL, I can also search by title, e.g., "economist blog politics". What's really super-great is Chrome's Heinousbar, er, Omnibar, which searches one's history, bookmarks, and Google. I imagine that, for you, that's even worse. Luckily, the world is large enough that we can both use software which works the way we want it to.

One box to find them
One box to bring them all
And on the desk to boot them