I'd still like the option to see the OSD as a cascading menu. (perhaps using the new roller system?)
It makes it easier to navigate the option for the less knowledgeable users.
The root structure could look something like...
Playback Options (position, position in list, etc)
Stream Options (Subtitles, audio streams, video streams)
View Adjustments (Hue, Stauration, Brightness, etc)
Obviously quick access to the last option used would still be necessary, and you wouldn't want to bury something too far (if at all)
Just an idea