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That is not new or different in v3.5. When you select an item (left-click and release mouse button or select via keyboard), the other panes will be loaded with that item's info.
But you can move an item without selecting or loading it -- left-click and hold the mouse button down, then drag to another location and release mouse button to drop/move.
Or hold down the Alt key when selecting the item (when releasing left mouse button) to prevent the document from being loaded internally in the detail pane.
If you don't want Excel documents to ever be loaded internally when selected, remove .xls or .xlsx from 'Tools | Options | Browser | File extensions to display in internal browser view' or add it to 'Tools | Options | Documents | File extensions to edit/view externally.'
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