Automatically creating subfolders

So I figured out a way to re-organize my plugins so I am able to see all of them by making folders and dragging and dropping them to the various folders in the plugin organization tab. It’s a major pain in the ass having to go through all this just to be able to use my Waves plugs in Wavelab. In-elegant comes to mind. I’m not sure what the automatic submenus does but it sure doesn’t do anything much with the Waves plugs.

I’m assuming this aspect of version 7 will never be improved since there’s a new version coming out. Is that true?