You just need to adjust the view.
Just to make sure we’re on the same page, click on Artist in WMP11, then just to the left of the search box (above the column headings), you’ll see two icons, Layout Options and View Options. You’ll then want to make sure Details is selected under View Options, which will take you back to the text based menus you’re probably used to.
I also have Show Classic Menus selected under Layout Options, but each to their own.
WMP11 is a pretty good player IMO and works even better if you download the K-Lite Codec pack. With that installed I’m yet to come across anything that won’t play.