This is a major need for us! This has been
our only problem that is holding us back from migrating to V2. The
ability to modify the security permissions on files, and sub-folders
is a major issue. We use SharePoint as the document management
system for our company Proposal Center. Some proposals can have
many sub-contractors that are working with us to develop the
documents necessary for the proposal. Each company involved in the
proposal needs areas where only they can work, along with areas
where other companies can view completed documents. Within each
company there are usually certain employees that need access to
sensitive data (i.e. payroll). Migrating this hierarchy into V2 has
become a serious headache.