I miss the bite function personally. When someone got my goat bad I'd take a deep breath, hit the button, and be over it. I have some anger issues, and without it, I'm afraid I may just get my butt kicked out of FH. Without someway of relieving my anger at certain people who can't get their head around rules and such, I may just end up snapping at everyone. I don't bite for little things either. Stealing items, being rude and nasty, things like that I bite for. I once had my karma drop by over ten points once, and you know what? I just pointed it out and Red was happy to help out.
Personally, I don't see getting rid of karma as a good thing. it isn't a bad thing, but it isn't really supremely good. Since it's been gone I've seen so many people who I want to bite, I can't, and I feel like punching a hole through the screen. It's frustrating and stressing for me. To not be able to have some way of expressing my anger towards someone without posting something nasty is really getting to me.