The address bar is awful but, most importantly, it breaks my keyboard workflow. When I press Cmd+L, I'd expect the focus to go to the address bar and the whole url to be selected (like it is with any other software). Now, Firefox doesn't do this any more. The focus goes to the address bar, but the text is not selected. I have to select it myself. It's really badly designed, ugly and not useful.
Unfortunately, as a longtime Firefox user, I have to admit that Chrome is the best browser. Cleanly designed and fast, it's just a better experience. Too bad it's run by an advertisement company. This is really the only reason I'll stick to Firefox: because I believe in the importance of a free web and I dislike Google. But really, it's not because of any merit of Firefox.