Hide the Footer?

Are you able to hide the footer in the pre-2.0 Mac version? This thing:

I have seen mention of the ability to hide this in the mac version, but I do not know if it is a pre-2.0 or a 2.0 feature. It would be AWESOME to be to remove this as I a) work on a netbook quite a bit and screen real estate is valuable, and b) don’t use word counts.

Would love to see this added before any of the newer Mac 2.0 stuff gets added.