Recent folders being listed in File > Open Recent > ... was a key feature for me. As I work with multiple projects each day, losing that history of recent folders means I need to browse in the Finder for each one .. every time. Takes a 5-15 seconds, and it's a significant cognitive distraction.
In general I'm such a huge fan of Sublime's development direction -- each update makes it a better tool for me -- so I was surprised to see this lone regression, at least in terms of time-saving value for me.
Was there any particular reason for it being removed? Are there plans to restore it?