I share a lot of these opinions so i'll just highlight which ones i agree with the most.
In general the interface is overkill for what was previously a nice simple app. It's very pretty and unique in design, but I need function.
#1, 1, 1 again, 2, 3, 5
The launch icons have no distinction. If you're only going to use icon use the classic icon from a launch summary. Those are all unique.
I know that's WP only, but if there isn't a native replacement for saving your own targets this removal is right behing the launch icons