I actually don't bother to use the Location feature at all, specifically because of the auto-link. I'd want to put in things like, "at work", "at home", or whatever else, and those wind up being totally useless map links.

What I'd really is the ability to set up a few standard locations in my profile, where I'd have the text "work" but have the Google Maps link show the actual location of my workplace. I doubt that would be popular enough to justify the amount of development effort it'd take, though.

If there were no more auto-linking, I might start using the Location field.