I cannot stress how HORRIBLE the new Market is. First off, they have removed the setting that allows you to toggle on/off the notifications in Market. I have several applications that I refuse to update for various reasons. This new market harasses me every hour by sending me a notification telling me there are updates available. I want to throw my phone through the wall each time!!!! If you uninstall the updates, the stupid marketupdater re-downloads the new market within five minutes!!!!
The only workaround I have found is that after I update the apps that I do want to update, I go into application settings, then to market. I uninstall updates, then clear the cache and settings. The next time you enter market, it asks you to accept the terms and conditions. If you decline, market is not active, thus you are spared from the constant update notifications!!! I just pray that they restore the toggle feature soon. What I want to know is, why was it taken away in this version of market???