The in-camera formatting is great, but the new menu is pointless. I think they just needed somewhere to put the formatting option and this was the easiest way to do it. It's just more stuff to scroll through to get to the essentials as far as I'm concerned. As you say Quirky, ISO, WB and shutter angle should be much easier to access (and ideally at least in live view, if not while actually recording). Now the given path is to navigate from 'metadata' to 'settings' and then through Camera Name, Day, Month, Year, Hour and Minute before getting to ISO! It's ridiculous ...