Cydia: FoldersinFolders

Requires iOS4

Add Folders inside Folders!
New add-on that allows you to take better control of your springboard's folders.
Innovative, native-looking and natively-behaving addon that enables you to:

-Add any number of folders inside folders
-Create folders inside folders
-Create folders on the dock
-Hide/Show Folder Labels
-Choose folder animation methods

Works fine together with all known configurations/packages.
Standard settings for now, will add more extras soon!
(Folder background selection ,folder navigation options etc)

Changelog

v0.9-1
Removed caching icon layouts