IE 7 update messed up the way I like the toolbar

You can get rid of the middle bar (File, Edit, etc) but you cannot get rid of the tab toolbar, which is currently at the bottom. You can, however, move the navigation bar to a custom position by editing the registry:

1.) Close out of Internet Explorer.
2.) Go Start->Run, and type in regedit and press enter.
3.) In the left pane navigate to HKEY_CURRENT_USER->Software->Microsoft->Internet Explorer->Toolbar->WebBrowser.
4.) Select "WebBrowser."
5.) If the entry ITBar7Position exists, right-click it and select Modify, then skip to step #8. Otherwise continue to step #6.
6.) Right-click a blank area on the right pane and go New->DWORD.
7.) Name the DWORD ITBar7Position.
8.) Change the value to 00000001 or 00000002.
9.) Relaunch Internet Explorer.

Hope this helps,
John