None... in my book. Its basically a duplication of the Windows file system where you could set up the same type of structure. Some had vocally asked for the feature and so we have it. Call them bins or sub folders. Pretty much the same thing.
They're directories! Not folders! (if you don't belive me, goto the command prompt and type "dir /x" in nt, 2k, or xp. You'll see the DOS 8.3 letter version of your folders, which is how you move around the directories in the prompt). Now i'm going to back to trying to get Vegas running on my DOS 6 box... grumble grumble. :)
I've found it more useful to arrange my media into folders (directories) on my hard drive, and then useing that instead of the media bin. I'm wierd though.
That's the nice thing about Vegas, you can do it your way.
Now just to illustrate how wierd, I would dearly love to remember how I once changed the color of some of the folder icons in Windows. This goes back to maybe Windows 95 or so but I remember I did do it. I just forgot how. Maybe it was another shell and not Windows.
Did you use a desktop theme? I don't belive that Theme's are a part of 2k or XP, but the Theme files are somewhere... I still use theme's in 2k ocationatly (especialy to save my current settings). You can also use the Win98 theme program in 2k (don't have XP).
Wait, did I miss something (probably)? If we have the media files in the bins in vegas, and we just load up the .veg file without the media files on the HD, as long as we have the tapes named correctly, vegas will capture the needed media from your deck?
Advantages of bins over folders:
1. Events in folders are "pointers" to the physical file, not copies of the file itself. This means you can put one event in multiple folders without re-copying the data.
2. I think of bins as more fluid than folders. In my organization system, I structure physical folders based on the tape number from which I captured the clip. This never changes, for archiving reasons and others. For bins in the media pool, I use whatever content-related organization makes sense for the project I'm working on. Sometimes this is based on conceptual things like "economics of trash-picking," or "the uses of fear," other times it's things like "cutaways," "long shots," or "shots of Mr. X."
What I'm waiting for is the ability to drag regions from the Trimmer into a Media Pool Bin and get (just) that segment of a larger clip as a subclip. One of the few things Premiere can do that Vegas can't.
As John Lennon said, whatever gets you through the night, s'all right.