Let's face it Steven. You're not going to please everyone with this one.
While I do like the tighten-up spacing between the artwork, I don't like the background color under the text. As for placing the text over the art, I said from the beginning that I like my art unadorned. Now that it's been implemented, I feel even stronger about this. Mainly (I think) because I have three lines of text under each cover - album title, artist, and year. That covers up a -lot- of the album. Maybe if I liked having only line I could accept the idea more easily.
So, for the time being at least, I will be keeping my layout has it had been previously. If you find the time or user support to remove the background color from the text and still minimize the spacing, I'd applaud it right away.
Thanks.