They combined the information in the application header (address, connection status, network and account selection) into one line. According to the programmers, this minimized the “visual noise”.
Among other changes, the developers separated the account selection from the navigation on the main menu and moved the network selector to the upper left corner.
Recall that in April, MetaMask developer Taylor Monahan discovered that due to an unknown exploit, wallet users lost over $10.5 million.