I believe the point that Freddie is trying to make is that very few other people refer to 1x1 plates, whether round or square, as "studs". Most people here and elsewhere on the web refer to the little knob on top of the bricks as the stud, talking about the connection point that grabs onto the inner walls and tubes of other bricks. What you call "studs", most people refer to as 1x1 plates, in both round and square varieties.
Henceforth, when you use personal jargon that doesn't mesh well with other's expectations, there will be confusion.
Back to the topic at hand...to be honest, I really don't see this as a problem in my own collection. I have roughly as many 1x1 sqare bricks as I do 1x1 round bricks. Heck, not too long ago there were two sets that were basically nothing but 1x1 square bricks (the two mosaic sets). As far as round vs. square plates go, I don't mind that I have more round than sqaure. I find the round ones more useful for decorative bits, and rarely have I found myself lacking a 1x1 square when I really needed it (which isn't terribly often).