Windows Phone Hacker has released the updated Folders homebrew app for Windows Phone devices. Folders app allows you to organize your apps by grouping them as folders as you can see above. Folders v5 has no.of new features including SkyDrive backup and restore options.
â€¢Added SkyDrive backup and restore options
â€¢Fixed everything with Microsoft’s new Marketplace server setup
â€¢UI improvements (incl. enter to search, auto region detect, folder display tweaks, etc)
â€¢Removed titles from the tiles, giving them a much cleaner look
â€¢Working 100% on WP7.8, see above screenie!
â€¢Bug fixes, etc
Download it from source link below.