Practical application is an area I've always thought was sorely lacking. There's lots of places to learn the theory, but I still don't get it until I understand the applications. Then I start to get a fingertip feel (Fingerspitzengefuhl if you want to come from a certain view).
Whenever I see "Application is left as an exercise for the reader", I read that as "I don't actually understand the subject well enough to teach it fully".