That's what has been removed in the new layout

My main use of the cached link was where I wanted to highlight the search terms. I'm finding of late that it is a waste of time because all I get is "These terms only appear in links pointing top this page: xxx xxx". Which makes it about as much use as a chocolate fire-guard There's a good article on that here:

http://www.webworkshop.net/google-an...und-links.html