Thanks for this, I have Yosemite installed on a separate drive, and from a clean install it produced a CoreStorage volume giving me all the same annoyances that everyone has reported.
I used your reposted instructions as listed above and in less than 5 Sec. of issuing the command it was reverted. I rebooted as the Terminal printout suggested and all was/is well. I just don't understand the logic of the LV creation on clean drive. What's it's purpose anyway?
I'm agreed with grahamperrin, there appears to be no obvious reason or purpose, nor a rationale being made public. I downloaded the new installer last night, wiped my DP7 partition, and installed from the new installer - which turned out to be a new installer (with a new redemption code) for DP7, which I then updated to DP8 via the App Store. And, I was left with a Logical Group to revert. Again.
I haven't installed the update on another drive, but might do so later today.
There are advantages to the Logical Volume/Group with Physical Volume structure - but none that I'm aware of on Mac OS X outside of their creation of the Fusion Drive and support for commands in Terminal (of which you now know two). The "advantages" are IMO targeted to small volume management while using Linux - small as in 30-100 MB (not GB) volumes, and IMO the main advantage is in being able to dynamically resize volumes without having to repartition a drive(s)/volume(s) (set) - which we can't do in Disk Utility, and, if you need to dynamically resize drives and/or volumes, you're using Linux or virtualization software anyway.
I wrote earlier that this "thing" we're dealing with is a bug that showed up first in the Lion installer, along with an undocumented fix (those two and other CS commands). So, this is how we're going to have to deal with it until Apple fixes their installer. I think I'm going to submit this to Apple as a bug - given that it was in yesterday's installer, it ain't fixed yet...
BTW, I also noticed that yesterday's latest installer had today's date on it as I was downloading it from the App Store. I took screenshots...