Hmm, one thing needs a little clarification in the UI (note: not new to this build). Due to popular demand, they brought the "Apply to all folders" button back, but it doesn't actually apply the current settings to
all folders. It applies the current settings to all folders that use the same template as the current folder.
So if I change the settings in a folder using the Music template, then apply it to all folders, only other folders using the music template will use those settings.
I don't think this is a bad way of doing things, mind you, it just needs to be more clear from the UI. Right now the fact that there even are multiple templates is terribly hidden (customize tab on the folder properties).