well the old layout wasnt bad at all.
right now i find it very difficult to drag or add a smilie one by one. for few smilies its not a problem, but if you have 100 of smilies, its really painful(for my hand :smile: and frustrating.
also it would be great if we can create groups with different purposes i.e. smilies for birthday, sad smilies, .... like vbulletin.