I thought so at first too...until I thought about it. This is actually pretty genius. Instead of worrying about what monitor you want to buy having what connections all you do is buy whatever monitor you want, then one adapter.
Your macbook suddenly has DVI or HDMI, or VGA, whatever connection you want.
Um, that's called an ADAPTER and you're going to NEED one with the new Macbooks regardless of what monitor you pick. At least with DVI or Mini-DVI, it's a standard $10 cable you can get anywhere (I believe the old MacbookPros came with the cable for free). Here it's a $99 EXTRA (read PURE PROFIT for Apple since it costs them $5 to manufacture them). They're nickel and diming Mac users to death with accessory charges (driving that $2000 MBP up to $2100 and canceling out the miniscule educational discounts they now offer in one swoop). And some of you actually tout it as a FEATURE?
It never ceases to amaze me that posters will defend Apple, in this case in removing FW400, based on their experiences. Statements like no one in the PC world uses firewire so why shouldn't Apple discontinue it.
Firewire is arguably a much better standard than USB with faster sustainable real world speeds. Is a peer to peer standard allowing Target Disk Mode that makes servicing problem computers really really easy for those of us less technically minded. Up till recently camcorders by the vast majority used Firewire for transfers, at least in the millions if not tens of millions in use right now.
What makes this exclusion so galling, is the cost of inclusion of Firewire on a laptop costing $1299 is not excusable and I believe the only reason it was done was to upsell anyone that relies on Firewire. For professionals, that need firewire, they will probably pay the price, for the rest of us, unless we can afford the extra $700 we are out of luck. We will have to purchase new camcorders, hard drives, etc. prior to buying a new Apple laptop, all so Apple can save what??? $10, $20 ???
You don't get it. They're not saving $10 or $20!!! They're making $200-$300 in pure profit from people like you that think you NEED a dead format and so they know that you will buy the Macbook Pro instead. They KNOW you WILL do it sooner or later because they know that most Mac users would rather shoot themselves than go back to Windows. They're COUNTING ON IT. Don't forget to buy your $100 mini-display adapter too or you won't be using any external monitors. Face it. Apple just PWNED all of you!

Hey, you can always go crawling back to Bill Gates...oh wait he retired and is laughing all the way to the bank while his former company is tanking on the crap operating system known as Vista. Steve Jobs knows THAT also and so it's even less likely the Apple faithful will leave for the land of Windows, which means they're free to raise prices and screw customers over with accessories and features they'll pay for in the next round to get back (e.g. matte screens). To me, it's a total spectacle. Steve Jobs is a business mastermind! He's just getting to his best game while Bill Gates is retiring. No wonder Apple profits have never been higher. He knows how to screw his customers over with the best of them and better yet, they LOVE him for it!
Me, I just went ahead and bought the previous MBP for the price of the new Macbook (it has TWO firewire ports, not that I'll need them, though) and a MATTE screen. So while others cry and get ripped off by Apple, I'm taking advantage of the situation and getting the features that I want for over $500 off ($1444 after rebate). Yeah, I know I'm coming across as some kind of Apple hater or something, but it's more like I love OS X. I don't like Apple or Microsoft at all as companies. But then I'd buy a Hackintosh to get what I want also. I couldn't care less about Apple or Microsoft as companies.
Now it COULD be some other cable making companies will make you guys a REASONABLE priced adapter soon, but you better hope Apple doesn't have some kind of patent on that particular port or cable design (is it their design or are they just using something less well known?) in which case you better learn to roll your own I guess or pony up the $100.
Okay, I've been doing a lot of research on the USB to Firewire cable. One exists, but it only works under Windows XP. It also uses proprietary capture and editing software that creates a mpeg file. So, the bottom line is what I suspected. They are incompatible technologies and are not a solution for the lack of a firewire port on the MB.
So is it reasonable to ask if you were to install WindowsXP with BootCamp and/or Parallels/Fusion would that then be an option to at least get your video out of your Firewire camera at which point you could then access the video from Mac software? Hey, it's just another $100-200 (assuming you can find XP for sale somewhere still). Or maybe if Steve Jobs would cooperate more with outside companies, OS X would have more support for 3rd party hardware. Don't be the least bit surprised if Steve suddenly announces at the next major Apple event that they have their own USB to Firewire converters (for the low low price of only $199 or something equally ridiculous). Of course, that's then getting to the point where you might as well have bought the MBP instead, so either way, Apple WILL get your money sooner or later.
My new (prior model) MBP (you know the one that has a regular DVI port and a free cable with and two firewire ports) just arrived a little bit ago (2-day shipping apparently means 1-day?) so I better go play take it out of the box and start playing with it.