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Tools have moved in Acrobat X Pro, but that's a good thing: everything you can use to protect a document with important information — from encryption to redaction — in is now in the same place and easier to find.
The Comment pane
Adding comments is still slightly long-winded — you can't just click to type in a correction or missing word. Instead, you have to select the tool to insert text first, even if you've just typed something, which means you're mousing back and forth between the document and the taskpane. Sseeing the list of comments in the same place as the tools is more convenient though.
Creating guided Actions
Acrobat X Pro includes some common guided Actions, but you can make your own by choosing tools and actions from this dialogue. You can't record what you do in a document to make an action, but it's very visual. For example, you can choose dialogue options (click the Options button for a step to open the relevant dialogue) and whether to apply the step automatically or wait for confirmation.