Yup there is a bit of that, and also for me, although I readily admit the above is a bit cluttered, there is something nice about having the information laid out in a plane rather than nested in a hierarchy of menus.
Obviously, that's not always possible, but I find sometimes that, for the sake of each pane appearing "simple" and "clean", I need to hold more context in my head of where things are, and how deeply nested they are.