I confirm that
$ electrum -w mywalletFile.dat create
works again in 1.7.4, like it did in 1.7.2.


What stroke my eye: In 1.7.2/1.7.3, I see this:
michael@michael:~/Downloads/Bitcoin_Electrum$ electrum --help
Usage: usage: %prog [options] command
Commands: dumpprivkeys, help, restore, unprioritize, freeze, signmessage, getaddresshistory, getconfig, verifymessage, signrawtransaction, dumpprivkey, setlabel, getseed, contacts, create, setconfig, importprivkey, validateaddress, payto, createmultisig, deseed, getbalance, sendrawtransaction, eval, password, listaddresses, mktx, unfreeze, listunspent, createrawtransaction, prioritize, decoderawtransaction, history [options]

Options:
  -h, --help            show this help message and exit
  ...
  ...



In 1.7.4, the first part is omitted from the help, it just outputs:
michael@michael:~/Downloads/Bitcoin_Electrum$ electrum --help
Usage: %prog [options] command [options]

Options:
  -h, --help            show this help message and exit
  ...
  ...

The commands are removed from the description, but they still work, don't they?
Is there a reason why the help text has been stripped off?