Personally I don't like the reference to Shared folder when it refers to LW's Download folder. By default LW will share your downld folder & the default name for it is Shared folder. But folders you choose to share are also refered to shared folders. Saved Files folder is the LW downld folder. So I personally give my LW downld folder a unique name such as LW downld folder. lol
Beyond this I can't give you a good description except that now, for the people who share their LW downld folder or not, at least this folder is easily accessible thru the LW Library window. Yes not everybody shares their dwnld folder so they were always complaining they could never find it. Now by default, this folder can be seen & accessed via the Saved Files folder. Just click onto this folder & select any file to the right of it & press the Explore button & the folder will open up for you. Even just looking at it in the Lib window will show you what files have already downlded.