As a full time SEO I was pretty disappointed in the new product. I feel a lot more binded with the KW research now. For the record it appears to only be giving me exact match with everything. I couldn't find a way to fenagle my broad and phrase match back into the game. Even when I select broad/phrase, it just gives me exact anyways. This makes larger market research where there are a lot of longtails to sum up & find the similarities a lot tougher.
Though, I think if you know what you're doing you can still read in-between the lines enough to figure things out.
I do agree with an earlier comment that this less-intuitive setup does increase barrier to entry which is a good thing for members here.
Finally - I also think Google did this to 1. Increase PPC exposure (duh) and 2. Make SEO more difficult. It probably had little to do with the actual new "tool" that they will keep pointing to like a shiny object.