default folder structure in 1.4 beta

Using the 1.4 beta on my workstation to perform a startproject yields
a different result than what I was expecting.

I end up with:
__init__.py
manage.py
settings.py
urls.py
mysite/
__init__.py
settings.py
urls.py

When according to the documentation @
https://docs.djangoproject.com/en/dev/releases/1.4-beta-1/#updated-default-project-layout-and-manage-py

I was expecting:
manage.py
mysite/
__init__.py
settings.py
urls.py

Can anyone confirm this behavior and/or explain why this is happening?
Why two settings files? Why is there an __init__ at the manage.py
level? Why is there a urls.py file at that same level?

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