Depends on how you do things. I make sure to always grab album art for my music, and I remember the art. Despite having thousands of albums, I can identify most by the artwork. I also tend to listen to one album at a time. For my needs, iTunes 11 is almost perfect

The biggest flaw for me is that they got rid of the composer view, which makes quickly finding classical music vastly more difficult. Stupid, annoying omission.