We did change it in SPS 12. The builder isn't installed at installation/upgrade time. It is installed upon project creation in the development specific space. So you probably shouldn't see it in the SAP space at all and only in the your development space after the first project creation. The builder installation can take a few minutes so the first build might produce an error if you are too fast. You might just try again. If it still doesn't work, try performing an xs restart on di-core and then recreating the project in the Web IDE.
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