This is great news! I read in @timcliff's post that they said they did not want to remove the feature from the interface, but I guess they changed their mind when they saw how many people who lost their money. I think this is very good, but I also think they need to add it back if the value ever gets close to $1 again.
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@timcliff made a pull request 3 days ago that added a detailed clarification when people try to use the conversion https://github.com/steemit/condenser/pull/2137. It was a good step, but removing it from the interface was even better.
Yeah, I remember that @timcliff posted about that, and he also said that the Steemit team did not want to completely remove it, but they must have changed their mind. Anyway, yeah, it's good that it's gone at the moment.