From bleepingcomputer.com
The classic Control Panel, which allows users to customize their system configurations, is no longer the most important feature for Microsoft. Rumors have suggested that Microsoft wants to retire Control Panel, but it won’t happen immediately.
Microsoft currently wants to reduce duplication of settings by redirecting Control Panel pages to appropriate Settings pages. More recently, the software giant has added a new modern disk management tool to the Settings, and the feature is already live for Insiders.