I know I can open or shut the drive via the choice on the blades, but once a disc is loaded is there no way to do this? The Open or Close dialoge just goes to Play.

Granted, I know that in order to remove the disk I'm going to have to be physically in front of the xbox and so then I can press the eject button, but why have it there in the first place if I can't eject it any more once a disk is in? (Besides fitting the 360 look, that is.)

I'm missing this feature too. (In PM III eject is option in shutdown menu.)
Currently in MC360 only option is to go to any files view (video,pictures,music,games) or file manager, select dvd drive, press "white" and choose eject/load.

And I'm missing this feature also..

Isn't it an idea to split this DVD tray bar in the skin ?
On the left a little eject button, and on the right like it is right now ?

i dont know about you guys, but i have it on every blade, just click it! the newer beta thatw as just released doesn't say anything but u can tell it is the dvd drive eject, look for it!

Yep thats coz we haven't quite finsh it.
We are planning to add a Eject option.

Just Keep in mind this is not finsh. The less we have to spend on teh forums clearing up issues the more work we can get done.