Our two Macs also lack the "Show/Hide Status Bar" View menu item. This is a giant fail on Apple's part— I am being inundated with support calls about this. I have found a link to iTunes 10.7 and am advising all upset clients to dump iTunes 11 and download and re-install iTunes 10.7 until the issues are fixed.
Among other issues: iTunes 11 no longer automatically imports mp3 optical disks into its library as it did in iTunes 10.7.
Now, when we want to import mp3s from an optical disk, we have to do it manually:
1) insert optical disk
2) select File>Add to Library (or Command-O)
3) click on the optical disk in in the Devices sidebar of the dialog box that opens
4) select the tracks to install
5) click "Okay" or hit the Return key
5 steps to accomplish what once happened upon just inserting the disk!
If my clients are any indication, this is a pretty big deal. Apple would be well-advised to fix this fast.
Our Macs:
2006 Core Duo Mini, 1.66 gHz, 2Gb RAM, 256 Gb Sandisk SSD, OS X 10.6.8
2008 MBP OS X 10.6.8
2002 iBook OS X 10.5.x