The folders appear as they did in my Nook Color but the new Nook doesn't appear to work with Adobe Digital Editions. These new Nooks have been on the market for awhile I I would have thought they would be on the Adobe list, but I didn't see them listed there. This could be a deal breaker as I download a lot of library books using ADE.
There is an option to authorize the samsung nook in the nook settings, but i've never gotten it to accept my Adobe ID.
However If you have the Overdrive app, and create a login for the app and associate it with your Adobe ID, you can read your books in that app.