POP Accounts in Folder Pane - Supernova Preview

[Gone Postal]

I have a number of POP accounts all directed to Inbox, Sent, Trash etc. in Local Folders. Up to v110 the POP accounts were not listed separately in the Folder Pane which showed Local Folders at the head of the pane. On v111/v112 each of the POP accounts is now listed and can be expanded (to show Inbox and Trash IIRC) above the Local Folders items.

This looks very congested and is unnecessary. Have I missed a user-configurable setting or is the full display of all the POP accounts a new TB default?