What's the difference between "Library" and "Projects and Albums?"

In the navigation panel, under Library I click projects and of course see all 16 of my projects displayed to the right.
Now, under the "Projects and Albums" 3 of those project are listed. Only 3. If I try to delete them so as not to have these 3 appearing in both places, I get the warning that photos will be deleted.
So my questions: why is there a library top level and also a "Project and Albums" top level? And why does the latter only show 3 of my 16 projects? Finally, I think my projects should all appear in just one place.
Any ideas?
Cheers

iMovie enables you to edit video footage - typically from a video camera - add titles, effects, etc.
iDVD enables you to create an authored DVD of your iMovie, complete with DVD menu, chapters, "extras", etc and can be played in a conventional DVD player.
20" iMac Intel Core Duo 2GHz 1GB RAM   Mac OS X (10.4.7)  

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    /community [original link is broken]?forumID=131&threadID=29557&messageID=273049
    /community [original link is broken]?forumID=131&threadID=111914&messageID=1248243
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