TL;DR:
Microsoft are going to refresh the OneDrive commercial web landing experience. The new OneDrive Home experience surfaces your most recently used files, along with relevant file activity, so you can see everything at a glance and quickly prioritise where to start working. Available now, arrived February 2023.

Details:
You will see OneDrive Home when you navigate to OneDrive on the web. This new view shows all files that you’ve used, ordered by when you last opened them. You can filter this list by file type. You can also to stay up to date with file changes with the fairly new Activity column.


You can still access files organised in folders by going to My Files in the left nav. 

Reminder of the old look:

Availability:
Due early to late February 2023.
Available now.

Source, related links, and references:
MC501991.

Page originally published:
26th January 2023 and kept up to date.