I miss Save As. A lot.
I must say, I agree.
Shawn's solution is a good one, but I feel that I must avoid. Just as with Lion's inertial scrolling, I found myself turning it off right away, but later, I came back to it. It's just a matter of getting used to it. While I'm not sure Apple leaving out "Save As" is a good thing, I think I need to give Lion more of a chance without diluting the experience with workarounds.
But that's just me.
I doubt I work with my Mac to the same degree as Shawn. And as with anything else on the Mac, or iOS, it's ultimately all about personal preference.
Having said that, this has definitely been bookmarked for future reference.