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I'm personally glad. Lid closed operation is dangerous for laptops. Moving a laptop around when it is on is risky for the HD and there is a great potential for overheating when the lid is closed. In 99.9% of the cases, no one would need it to be on when the lid is closed, so the fact that it goes to sleep and wakes up automatically whenever the lid is closed or opened is of great convenience and a subtle feature that I enjoy about my PowerBook.
This is why Apple recommends placing your iPod in suspend mode by briefly holding the Play/Pause button before changing its physical location. Please do NOT operate your iPod while you are in motion, it can be damaging to the hard drive.

Come again? I very highly doubt that carrying your laptop around while the hard drive is spinning is dangerous for it, unless you're dropping the thing on the floor, in which case the fact that it's on will have little effect on the results.

I have used Dell laptops for the past five years and I frequently close the lid while the machine is still running, usually to conserve battery power and physical space while using the machine to play mp3s through my stereo at home or in the car. I am extremely surprised that Apple has not yet provided this option, whether 50% of people think they need it or not.

This is where the Windows philosophy and Apple philosophy branch. Windows provides options for scenarios that only benefit 10% of their users, while Apple waits until the benefit will be appreciated by 90% of users. I feel sad and alone with my Mac in the 10%.
 
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