[DetroitYES]

Altrenatley, you could target it with css and set it to display:none;

If you have not customized the navbar template in any other way this will make updating easier because vbulletin won't see the template as modified and will freely upgrade the template as needed.

The downside is that your still making your server render the code even though you don't want to display it, although the performance hit on something that small is minimal...