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I actually like it sticking out, gives you more room for information to be displayed.

If memory serves me right (and I am getting old so maybe not...), there were a number of complaints that things were indented too much in that 4 second video of OF that was shown about a month ago. The comments were critical that by indenting that much you would lose too much valuable space and thereby taking away the prime reason for having an iPad - screen real-estate.