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In the Documents part of Projectplace you used to see the current path. For example:
Documents\My work documents\Important
Now this is broken and the folder names are crippled and it looks like this.
Documents\My work doc...\Important
This way you can't read the path and have to actually use the mouse to position it over the crippled folder name to see the full name in the tooltip.
I understand the reason for cripple the path IF the full path is longer than the screen estate. But in this case it seems you always cripple individual folder names over a certain length.
My guess is that a design person have done this rather than a user design person.