Agilent has chosen to omit several features in the 34461A that were present in older and competitor's models. I'm curious as to whether they were omitted due to being of limited use or to leave as a carrot on a stick for future higher end models.
The first one is removing the dual measurement display, which given the new higher res color WQVGA display, they could have easily incorporated this feature. Apparently this feature on other models, including the 34450A, permits displaying frequency or DC offset while the main display shows AC V, or to display AC ripple V while the main display shows DC V. I can see use for these features.
The ability to display both V and I at the same time is nice in theory, but not sure if it is practical. First, you need to be able to attach multiple leads to your circuit, and second, most important, chances are that the V and the I would be measured using different ranges. I'm not sure about the Fluke and Keithley, but according to the manual, the 34450A performs the two measurements by switching back and forth. If this involves different ranges, the relays will switch back and forth, which I presume will impact the measurement accuracy and speed. Any experience with doing these measurements in practical use?
The second feature is Capacitance measurement. While it sounds nice in theory, it is of limited value in practical use. First, if you wanted to check if a decoupling cap on a board wasn't faulty, this won't work because you generally have many caps in parallel. If you wanted to verify the quality of a cap, this too wouldn't be of much use because high accuracy of capacitance is less important than quality. For the capacitor ESR, you need to use an LCR meter, which is based on different measurement technology. For checking just capacitance of loose caps lying around on a bench, you might as well use a cheap handheld DMM or a tweezer LCR meter.
So perhaps Agilent used common sense for omitting these features?