mettelus - Could be. It's been a while. I just paid attention and the new project dialog is actually updating the folder names on the fly.
Now that I think about it, doing a SaveAs defaults to the same directory/folder, so a new folder name being automatically populated wouldn't make a lot of sense.
OTOH, it seems like navigating up to the default parent would be a reasonable action to trigger automatic folder name population.
In the grand scheme I guess it's not *that* big of a deal ... except when it's not happening :)