Yep. I hope Apple's design goal for this wasn't to make something so small there was no room for controls. It seems like a dangerous focus to me. but what do i know. I thought the new Mac mini with no keyboard and mice included was a stupid idea but it seemed to work out for them.
In combination with moving to headphone controls, it does make sense. It reduces the production cost even further, which is very important for these low price point products.
I personally really like the VoiceOver feature, simply because you can now navigate playlists. It's obviously not as fast as a regular iPod, but much better than clicking the forward button 40 times if you wanted a particular album on the regular Shuffle.