[sorenjan]

I agree. The vast majority of all cases were I click on the URL bar is because I want to replace or copy what's there. In the few cases when I want to modify the address I can just click an extra time. Select all optimizes for the common case for me and probably most users.

I also like that the list of previous visited sites are shown wherever I click now, the down arrow wasn't really necessary. But I don't have anything under the URL bar, I have all my bookmarks next to it.