Currently if you create a folder in the TestComplete IDE, it does not create a folder in windows. I believe that it should as when I went into my project via Windows Explorer, I opened up my ProjectS...
AlexKaras - I could see the option of enabling something like this being handy, but should not replace existing functionality IMO. For some like Novari-QA this could definitely help with organization, but the ability to explicitly define our physical folder structure vs the Test Complete Virtual structure is incredible useful for the specific scenario I mentioned above.