I'm in the same position too. However I can't revert back to the old version as this has issues when trying to use with a Yahoo account. The new version works fine with this, however nothing else works! I have accounts with Yahoo, Gmail, iCloud and a business account, It was great when I found out they added local folders, however theres no point having them as you can't move half of them into these folders!
I've been back and forth with support and they just give me the same crap suggestions, so ended up binning Outlook and using Em Client on my Mac. Its not bad considering, but takes a bit to get used to after being so used to Outlook.
I see yet another update has just come out, however these updates just seem to be stupid crap additions to Excel and Spelling, etc... I wish Microsoft would pull their finger out, prioritise the important stuff and fix that! Then maybe they wouldn't lose so many people using Outlook!!!!