Ok, I give in. Apparently there is nothing wrong with no front brake. I understood that the front brake was approximately 80-90% of the braking power, why remove that ability. I guess I was jealous dude was riding and I wasn't.
Maybe on a sportbike with short wheelbase and high center of gravity. Cruisers have long wheelbases and very low COG and have very effective braking. Research 60-0 (or 70-0 or 80-0, etc.) and you will see cruisers come close to sportbikes in stopping distance. Dual sports and dirt bikes also get a great deal of stopping power from the rear brake.
Back on topic, outside of flat track, I'd never ride a bike without a front brake but, depending on the bike, its not the handicap many people think it is.