The "New Android Project" wizard and the "New XML File" wizards have been reworked into multiple pages, to avoid having a vertical scrollbar and to streamline creating different types of projects.
Here's the new XML File Wizard. The rows of file type radio buttons, and the project text field, have both been replaced by dropdowns, and the "root element" selection is now the focus of the page with a large list instead of just a dropdown:
The "configuration folder" selector, which used to be the dominant part of the wizard, is now on page 2, and this page is optional so you can skip it by just pressing Finish on page 1:
Next, the "New Project" wizard. There are now 3 different entry points into the wizard:
Here's the first page for creating a normal project - you enter the name, and choose whether to create a brand new project or create one from existing Android code, where to locate the project, and whether to add the project to a working set:
And on the last page you get to choose the application name, an optional activity to be created, and whether you want to create a companion test project to test the new project. All the text fields, except for the package name, have automatic defaults based on the project name, and as you edit one field the other defaults update (so for example updating the application name will update the default test application name and so on). Note also that the "Minimum SDK" textfield is now an editable dropdown instead so you can see the various Android versions and it will translate whatever version you pick into the actual API number that it's looking for: