An utter bitch to type compared to a short string of garbage, though, and typing a URL manually (friend gives you a URL over the phone or in person) is the only case I can think of where the URL itself matters.
I've got a ton of pre-arranged neural circuitry, evolved over centuries, trained with decades of live data, all geared towards noticing typos and touch-typing words... It seems shame not to leverage it.
It's easy to hit random characters when touch typing on a full keyboard, but it's much easier to just swipe a couple words together in the url bar than it is to get the correct capitalization as well as having to hold down the key for about a second each time you need a number.