ICS (Android 4.0.3), Samsung Galaxy S2, Exchange Email My phone just updated to ICS (Android version 4.0.3). Before I was able to ACCESS all sub-folders in my microsoft exchange email account, now I can only see my inbox! 

How do I fix this?  Does anyone know how to see the sub-folders when using ICS?  I was able to before my phone updated to ICS, now I cannot!

Is it because of my phone? I am using a Samsung Galaxy S2.
I just had the same problem and I found a way of seeing the subfolders on my Galaxy.

On the PC, open your inbox and create a new subfolder (eg foo).

On your phone, open email and open your inbox. in Options, select 'Folders'.
You will see your Inbox with a small green arrow icon. Click the icon (not the Inbox title) and your folder list will expand.

Note that this only worked for me after I had created the extra dummy folder. Before I created the folder, I could see the green icon, but it would not expand the list of subfolders.