I found another great application from SiMi. This one is called SiMi Folder. It lets you place folder widgets on your homescreen BUT gives your full control on the look and the use of the folder. You can change the look of the folder icon and easily organize the contents as well. When you start it up it does take some time to understand the navigation and how to use it overall. But after a few minutes it is all straight forward. After you set eveything up you will get your folder widget. by pressing on it you will get a "Phone book" like scrolling bar to select your app/(soon to come contacts and bookmarks).