Problems with Illustrator - part 1

Illustrator has an amateurish approach to typography.

Considering it has been a chief tool of designers through version 10 now, you think Adobe would be more sophisticated in its approach by now.

Here is my current grievance -- I cannot vertically centre a piece of text visually rather than by it's baseline.

I'm sure there are many more problems with Illustrator, Type and Typography, so I'll list them here as I think of them.