>I see list of my Folders in the left side vertical bar where I used to see list of Favorites. How can get my good old UT back <g>?
You may find information about it with prior discussions since last night and in Site News:
http://www.levelextreme.com/wconnect/wc.dll?FournierTransformation~2,5,6Favorite messages you had had been moved into a new Folders of yours named "Favorite messages". From there, you can manage them in batch and rearrange them in the way you like.