Google announced a new tab is coming to the AdWords interface soon, the new tab is named the “display network.”

This new tab will make it easier and more granular for management of your display network campaigns within the AdWords interface. Here is a picture of it:

This will be rolling out to advertisers in the next few weeks. Google said:

Google also has been working on what they call “Next-Gen Keyword Contextual Targeting.” This means you can use controls when optimizing your contextual campaigns down to individual keyword level.

There is a lot of detail on these major changes to the AdWords interface at this help document and here is a video:

Forum discussion at WebmasterWorld.