The safe area is still there. However, the CG is not in scale with the what the output is. The CG defaults well outside the safe area. When I click the tool to center my CG it doesn't. The SD DVEs folders are empty when opened, so if they are still in the system they are hidden somewhere...the "transition folder" has the fade etc transitions but I am not able to change their default, also the "tool shed" seems not to work with them. I do a lot of editing of consumer SD tapes for customers and convert them to standard DVD. 99.9% of the transitions used are "fades" and it's nice to edit (with razor) and then add the "fade to black" to just one edit and have the "tool shed" ad the other transitions for me.
Again I want to repeat, I'm very happy with my SE2.0, but when there is an "update" that is suppose to improve things, it should improve what is improved but not harm other important aspects of the program.