On a small laptop screen, the VM console toolbar (Run/Pause/Shutdown), and even the drop down menu uses up too much screen area to be usable. For example, on a 1200x800 laptop screen, a 1024x768 VM barely has enough room to fit the framebuffer on the screen with a title bar. Adding any sort of menus gets in the way even worse. I would propose F11 as the key to use to make it consistent with the same behavior in a typical web browser.
virt-manager-0.6.0 allows toggling the button toolbar on + off via View->Toolbar, so that is at least part of the issue.
Hmm, actually comment #1 supplied the requested behavior, so closing as CURRENTRELEASE.