Managed Default Folders – Managed Folder Mailbox Policies – Managed Custom Folders are gone?

In SP1, Managed Folders have been taken out of the GUI Console and replaced with Retention Policies.  Managed Folders are still around and can be configured with Powershell (EMS).  For all the commands start here:

http://technet.microsoft.com/en-us/library/dd638169.aspx