If you're very lucky you may find QuickTime Player 7 in your Utilities folder, too. The current version of QuickTime Player lacks all sorts of features that the older version still supports, so Apple allows it to kick around in the Utilities folder.
But don't pity the apps that live in /Applications/Utilities too much. After all, it could be worse. Another ragtag collection of apps lives in /System/Library/CoreServices/Applications, including the quite useful Network Utility, Archive Utility, Screen Sharing, and Wireless Diagnostics. These apps are generally launched from other parts of OS X, rather than by double-clicking, which explains why they're so hidden away.
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