Dude, I am sooooo goddamn confused as to how you want it. I know you're switching programs but my curiosity has been piqued. Do you have a screenshot to wtf you want? I don't mean the ss showing what you DON'T want.
He just wants a vertical browser with the artist list. The red arrow isn't mine, this is just from the net:
No big text for the artists, no pictures next to every artist, no spaces or padding on the right side to take up space. (And note the superior column that lets you enable or disable album art in Song view... they need to bring that crap back)
In iTunes' defense, though, I think the new view, even though it takes up more space, is able to display about an equal amount of songs as before, and at times even a bit more. It just depends on whether your collection consists of albums (good) or singles (bad):
Also, while you can definitely see less artists, I personally almost never scroll through that list. I just click on a random artist, type the first 3 or 4 letters of the artist I want, and I'm there. You can also do this in Album view, which is handy.