Just out of curiosity; since most of the settings have been moved to "Phex Options", why are there still separate screens for "Disconnect Policy", "Ignored Hosts", "Invalid Hosts" and "Filtered Hosts"?

Are these going to be moved into the Options (perhaps under "General Settings") in later versions? If so, are the three 'hosts' going to be merged into one group?

This was only a time issue. I wanted to release a version with some fixes and the new option dialog quickly. Sooner or later the other configuration will be integrated and reworked too. Like always the biggest problem is time for development.
I'm not sure how I will merge it but if you have any suggestion what would be easiest to use and very flexible to configure feel free to post it.

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Well, probably the easiest IMHO would be to add them to Phex Options as such (* indicates new field)

General Settings
-Network
-Bandwidth
-Disconnect Policy *

Host Settings *
-Ignored Hosts *
-Invalid Hosts *
-Filtered Hosts *