<link href="http://example.com/low.rss rel="podcast_url" />
You've moved the coupling from "look at URL xyz" to "look for rel podcast_url". Okay, yes, you can now change the URL, that's cool, but I assert that's relatively trivial. You can't truly add/remove new functionality (or break existing contracts, like "look for rel=podcast_url") that some omnipotent client would suddenly start taking advantage of.
IMO this omnipotent realization/utilization of new/changed features is what hypermedia advocates get all excited about, without realizing that humans are really the only ones that can deal with that level of (true) decoupling.
> You can't truly add/remove new functionality
You can absolutely add new functionality, because rule #1 of clients that work this way is 'ignore things you don't understand.' Removal will obviously break things, so it's important to handle this in the appropriate way.
I guess ultimately my point is that these kinds of APIs are significantly different, and come with a very different set of constraints/goals/implementation details. It's like you're saying "well, I don't have a full list of function calls I can make!" because you're used to SOAP where there's a WSDL and 'RESTful' APIs don't have description documents. Of course! It's a different architecture!