There is indeed a lot of focus on the screenshot now, but the two column layout wasn't that great either. For example, videos with long prefixes would make the right half of the layout useless: http://i.imgur.com/7L8nB7s.png
This "Material" design nonsense feels like someone installed two magnifying glasses on my eyes and told me to navigate previous UI. It's right on par the huge icons and full screen apps starting with Windows 8.