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Why fight established conventions?
Yes, the magnifying glass is gone. It was a bad choice, anyway, IMO. What did it mean, "make this bigger"? And the "hot spot" wasn't even over the image in all browsers.
The width of the new search box varies a lot from browser to browser. With some browsers the white content area is almost the exact same width as the search box, so the search box ends up looking like page decoration.
IMO, all they need is maybe 35 characters input followed by a "search the web" submit. Adding "Search the web" to the left of the input box is more confusing than helpful.
The page is still visually chaotic - it looks like a middle school project. Probably the results of turf wars with various departments all wanting a piece of the home page real estate. What they get is a page no one wants to read!
They should pay Jakob Nielsen his $10,000 and listen to what he tells them. Or pay me the money - I'll set 'em straight ;)