The format has changed to display the labels in a different line. This is such a waste of space! Is this temporary?
We've changed it partially per request, partially as it makes all tasks aligned to the left making it easier to quickly see them regardless of whether they have labels or how long the labels are (before, the task name was pushed to the right).
Nonetheless, we may of course consider changing the display and you're welcome to vote for this suggestion in our Votebox: http://todoist.com/Vote/showProposal/837/