Nothing stupid about it. Not sure if many people really need a "home button.
Nope it's 100% percent stupid. Just because you don't use an option doesn't mean that I won't. That's why preferences and options exist in the first place. To not provide an option for something that was historically used is very stupid and arrogant. But such is the way of this hipster "Web 2.0" scene. Preferences are pretty much done away with...