Twizzler, a new jailbreak tweak, will remove the annoying new trending bar in the new 3.3 version of Twitter for iPhone. The tweak was just recently released for free by @chpwn who has contributed several apps including ProSwitcher and had a hand in several jailbreak tools.
I'm still baffled as to why Twitter did not give us the option to choose whether or not we wanted it in settings. Either way, you'll have to be jailbroken in order for this to work. Simply download the tweak for free from Cydia and it should just work. If you go back into Twitter and the trending bar is still there, close Twitter out of the multitasking tray and relaunch it. It should be gone after you do that.
This reason enough for anyone to jailbreak? (I'm looking at you Chad!) If you guys try it out, let us know how it worked for you! Another point for #TeamJailbreak!
Thanks @RobT43 for the tip!