Idea of no wallet bitcoind is stupid in a few ways:
- how to make it useful for bitcoin exchange or bitcoin bank? Coins should be on server side, not client, because we can't ensure that user that want sell 1000BTC realy have them!
- if it would came true in future there will be viruses that would stole money in this way.

And I was talking about my idea of multiwallet server and how to solve this 2 problems. Because there is no sense to start develop something that isn't possible to finish with full functionality. Discussion about no-wallet, or rather about light client, that don't have blockchain are taken in others topics.