Yes I set “top level elements” to “projects”
Here is how it looks when I load my zend studio. 
I want it to load so that all my projects are there instead of having to press that up button 20 times…
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Find the file below to edit in your favorite text editor:
workspace.metadata.plugins\org.eclipse.ui.workbench\workbench.xml
In my case:
C:\Users\juliano\Zend\workspaces\DefaultWorkspace.metadata.plugins\org.eclipse.ui.workbench
And find the line:
In my case it was:
and replace it by
And again have peace!