…it has the main features a general user could want…
Shortcut creation, open with, file properties, options for third party software like 7-zip, and more are all hidden behind another click. The old menu was more functional because everything you needed was right there.
…easier to navigate…
It’s much harder to navigate because the things you use most often are now relegated to tiny icons with no labels so you have to guess which one will do what you want.
What’s more, the icons are all the same 2 or 3 colors. Remembering “the box and the line with the cursor on it is rename” is much more difficult to remember than “the one that says ‘Rename’ is rename” or even “the blue one is rename”.
If I remember correctly, you can’t even go off of position in the list because only the options that are applicable will show up. For example, if you don’t have anything on the clipboard, the paste button isn’t grayed out, it’s just gone.