Posts/Pages instead of New Posts, New Comments, My Mentions, etc.?

I can’t say I’m loving this change to P2 which I now see also affects all my own P2’s. Can someone explain the rational for the change and whether we have the option of changing it back to the way it was previously? Thanks.

Also, I see a “submit for review” button below the posting area instead of Post. AFAIK I am a Contributor here, so are there now different role permissions on P2 sites?

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