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I remember in the questions for googleguy it was requested that we should be allowed to search from whatever google TLD which we liked. And that feature is available in toolbar 2.0 . Another thing which was reported in WW was the Default behavior of IE to take you to MSN for failed searches. WW members gave feedback to GG from all Geo-locations and in toolbar 2.0 there is a feature :-
Use google as my default Search Engine in Internet Explorer
Some members complained about the I am feeling Lucky button and this button is there in toolbar options. So what I understand is that www.google.com is for normal search public and toolbar is for us webmasters :) Hence, if you like or dislike any feature, comment about it or give feedback and who knows that cool Feature can be incorporated in toolbar 3.0 ;)
Show UK only results as standard
Use UK Google News
UK English dictionary
UK Sterling to foreign currency convertor
UK maps and postcodes (they should do this for searches from UK IPS across Google.com/.co.uk anyway)
etc = all-in-one, country-specific reference tool.
I only use the toolbar to monitor page rank anyway, I still go to Google.com for searches!
Actually, this is leading in an interesting (hypothetical) direction.
For just $30 a year (or -- heh heh -- maybe $19 if you run the Google toolbar in advanced mode ;-), you could get detailed (aggregate) stats on visitors to your own site's page(s) based upon Google Toolbar users' activity... browser type, most popular pages, country, screen size, etc. For $49/$35 per MONTH you could get the same data for up to 20 sites (e.g, your competitors), again, down to a page level :)
1) I am in "stealth privacy" mode
2) I can still use the rest of the toolbar
3) Don't have to go through the trouble of going through the options.
I like vitaplease's idea of a google powered alexa type traffic score.