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This option enables you to specify where the element statusbar with the path and resize tool should be located. This option can be set to "top", "bottom" or "none". The default value is set to "bottom". This option can only be used when the theme is set to "advanced" and when the theme_advanced_layout_manager option is set to the default value of "SimpleLayout".
Note: same behaviour with (undescribed) option theme_advanced_path_location, most likely the old name of same option?
tinyMCE.init({
...
theme_advanced_statusbar_location : "bottom"
});
Search documentation.