Under "When typing into list view" I had "Select the typed item in the view" selected. I changed it to "Automatically type into the search box" and it fixed it. Even when i changed it back to the original option. Hope this helps someone.
That procedure has no effect on what on what I described in my reply from March 14. If the cursor is in the address bar when selecting an item from the upper-left "New" menu, the address bar drop-down list will be activated every time.