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I read the manual, kobo have succinctly stated that "Not all books have a Table Of contents", could this be the reason that kobo have not made the TOC menu more accessible ?.
The fact that some books don't have a TOC is to me poor eBook creation, if a pBook (paper book) has a TOC so should a eBook, especially academic books. e.g. The king James Bible has a beautiful TOC layout, try and cross reference that quickly with Isaac Asimov's dissertation of the Old and New Testaments...and no I'm no fish lover :-)

Surely a eReader should mimic the ease of browsing a pBook and enhance that experience, not detract from it ?.

It's such a pain not being able to cross reference quickly with another chapter which isn't "next" or "previous", It's also a pain not being able to jump quickly to a chapter of choice by title.
Even a Mp3 players "now playing" screen has a context menu to quickly let one skip to a track of choice, besides previous or next.

Yet they have seen fit to make a menu for "facebook" easily accessible in a eReader.....