Comment 6 for bug 825146

Indeed. It also makes more aesthetic sense for it to be above the Launcher as opposed to inside of it as it is not a pinned app, but a menu. These should be kept separate but close to prevent confusion, as a user will look for a separate distinct button to find new applications with as opposed to looking on the launcher at the apps already pinned.

The Natty design for the BFB was perfect in this regard and should absolutely be restored.