I want there to be labels and not have 2 sent folders, etc. Also, ideally I'd like for the folders (or mailboxes) to not be all the way at the bottom, but rather right in the actual main mail area.
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Apple's Mail Setup Assistant can walk you through it. But for a gmail account, it looks like it is as easy as entering your email address and password into the new account dialog and clicking create - Mail apparently knows about gmail.