OK, I originally wrote this post back when 3.8.x was still in beta. 3.8.x has gone final and a new beta version, 3.9.x has been announced. I don't see LW performing this feature or, if it is, perhaps it's not quite working, as I'm still downloading files into my default download dir and, when I get around to consolidating some of the files and re-saving them into the different drive partitions I have set up, I'm finding lots of duplicates.
Any word on when this code will make it into the LW program?