Well it seems helpful now but I can imagine a more complicated shader being unreadable when all these names start sticking out of everywhere :)

I remember P6 did not truncate names in the library whereas P7 did and made it difficult to choose mats with or without AO since that's usually added at the end of the filename.   Sure they were smaller in P6 but at least you could see the whole thing within the space alloted in the library.

I really don't know what's better anymore.  I was just wondering if this is normal and how it was intended to look or if something in my settings was causing it.