I too am unhappy with the new version! I liked the simplicity of the standalone, non-online version which allowed each file to be encrypted with a (potentially) different password. I did read http://www.axcrypt.net/blog/use-of-different-passwords/, and I understand that you guys are experts on what you have discussed there. So I’ll read more on that topic to try and convince myself that it is always better to use one very strong password.
But, there are situations where one would be willing to lose sensitive data (forgetting a distinct, complex password) than have all your eggs in one basket! If the new password in axcrypt 2.0 is stolen, say be a keylogger in a computer, the hacker could access all the files – even files that were once encrypted with a different password that are now re-encrypted to the default new password.