The one closest to me now has pre-cut fabrics as well. I don't mind it as much as I did when they had the bolts of cloth. They even have batting again which is great. My stash is too big right now for me to buy anything but I will.
You are so right about the fabric stores forcing you to stand in line for 15 minutes to get the fabric cut and then another 10 to get thru the checkout. I don't know what is wrong with the GM at JoAnn's and Hancock's but they obviously don't buy fabric from their own stores to see how painful it is.