It seems the menu bar is gone. Why...?
Not having a menu bar is inconvenient.

And there seem to be further issues:

It also won't let me adjust the number of speeddial columns. Haven't tried the speeddial.ini but do I have to?

I was trying to export my bokmarks and so far have only found the import function. So that's also gone. It seems, I need to go through the profile folder.

I cannot set a proxy either as Opera claims it uses the global proxy settings (which do not exist).
I have recently been testing I2P Services and since then it won't connect at all anymore (other browsers work fine).

Has Opera really gone down the drain that much? I'm not at all impressed with those "improvements".
This is something that can typically make users sceptical of updates....