Final answer:
The new project panel view that allows for free arrangement of clips without a grid is called Freeform View, often found in video editing software such as Adobe Premiere Pro.
Step-by-step explanation:
The new project panel view that lets you arrange clips without being locked into the grid is called Freeform View. It is available in modern video editing software like Adobe Premiere Pro, which provides editors with a flexible and open canvas to organize their media and storyboard their narratives visually. This view isn't restricted by the traditional grid layout and allows for a more intuitive and spatial organization of clips, which can be beneficial during the pre-editing phase for trying different story flows without the constraints of a sequence.