If you don't plan on using Newsstand, apparently there is a way for you to put this folder inside another folder.
http://thenextweb.com/apple/2011/10/13/dont-use-newsstand-on-ios-5-heres-how-to-put-it-in-a-folder/
http://thenextweb.com/apple/2011/10/13/dont-use-newsstand-on-ios-5-heres-how-to-put-it-in-a-folder/