FolderBuddy 1.2 has been approved by the AppStore review team !
It should appear soon : you can get it from this iTunes link ! Find below one screenshot showing FolderBuddy new feature for moving a folder into another folder.
You can read more information about FolderBuddy or on the dedicated web site : http://folderbuddy.com. In addition to FolderBuddy 1.2, a new simpler version for FolderBuddy should be appearing soon in the AppStore. We have decided to release after multiple requests from our users a version that will work only with GMail© for a lower price than the 'full' version. FolderBuddy for GMail has been submitted at the same time as FolderBuddy so it should be approved soon in the AppStore.
I will post a new entry when FolderBuddy for GMail is released.