I don't believe adding more options to the Latest Posts menu is the right solution. Taking whirlpool as an example again - one view, just happens to be the right one. I can't say whether I'm a typical user, but I don't want to have to switch between views to get to the information I'm after. I want to come to the site and be presented with a view that lets me see easily what I am interested in. The whirlpool style approach achieves that quite well without the need for latest this, latest that. A toggle option to show / hide news may be useful enhancement (but not as another view, just an easily accessible toggle on the view, with default customisable in user settings).
In the mean time, could the Latest Posts menu be made available when not logged on?