I just updated my Firefox nightly build, and it’s impossible not to notice the new location bar. I sat there for a minute almost like a deer staring into headlights because I just wasn’t sure what to think about it. It’s, well, big.

I’ve got an animated image below that demonstrates the new feature in action, and you’ll notice that every entry takes up two lines. The top line has the website’s icon, title, and a star (depending on whether the site is bookmarked or not). The second line, in a much smaller and green font, has the URL of the website. As you type the matching portions of the title and URL are highlighted and underlined so that you can easily tell what matches.

Here’s a demonstration of how it works:

Firefox 3 Location Bar

I’m a bit torn as to whether I actually like this. I think that it looks really good, but it takes up so much room. To the best of my knowledge Firefox is the first browser to take a multi-line approach to the Location Bar, and it might be a risky approach.

I’m sure it will grow on me, but I included the animated demonstration above so everyone chime in with what they think. Hit us up in the comments below with your first impressions.